Social Sciences, asked by ammu437, 1 year ago

explain the detailed information about infation

Answers

Answered by pakilandeswari7
2

Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over a period of time. Often expressed as a percentage, inflation indicates a decrease in the purchasing power of a nation's currency.

Answered by Anonymous
0
HEYA ❤️ ❤️❤️❤️❤️

Your answer is:

Inflationary problems arise when we experience unexpected inflation which is not adequately matched by a rise in people’s incomes. If incomes do not increase along with the prices of goods, everyone’s purchasing power has been effectively reduced, which can in turn lead to a slowing or stagnant economy. Moreover, excessive inflation can also wreak havoc on retirement savings as it reduces the purchasing power of the money that savers and investors have squirreled away.

Hope this answer helps you✌️✌️✌️✌️
please mark it as brainliest
Similar questions