Economy, asked by revnedjohn, 5 months ago

What are the factors that influence inflation? Cite 3 factors and describe/explain.

Answers

Answered by jainsonal11222
1

Answer:

Inflation is the decline of purchasing power of a given currency over time. A quantitative estimate of the rate at which the decline in purchasing power occurs can be reflected in the increase of an average price level of a basket of selected goods and services in an economy over some period of time. The rise in the general level of prices, often expressed a a percentage means that a unit of currency effectively buys less than it did in prior periods.

Answered by Anonymous
2

Answer:

The three factors that influence inflation are,

Cooperation from other countries, global situation and import and export

Hope it helps

Explanation:

Similar questions