Economy, asked by 9503015999alok44, 2 days ago

Q.6. Write short notes on the following :
1) Inflation
2) Depression

This question is subject economics

Answers

Answered by simakum75
0

Answer:

inflation os a big brain first you should break wood and make tool and make stone tool find the wY

Answered by sarahssynergy
0

Inflation and depression are two types of economic problems.

Explanation:

  1. Inflation refers to the uncontrolled increase in the price of goods and services in an economy.
  2. Inflation increases the value of money as more money is required to buy the product.
  3. On the other hand, depression refers to the problem of economic slowdown.
  4. An Economic slowdown is mainly characterized by the reducing value of money.
  5. A lot of currency has to be spent on buying products.
  6. Both the problems of depression as well as inflation can be solved by the reserve bank of India by controlling the money supply in the economy.
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