Question

what do you mean by inflation? explain the couses?​

Answer 1

Answer:

Inflation is a measure of the rate of rising prices of goods and services in an economy. Inflation can occur when prices rise due to increases in production costs, such as raw materials and wages. A surge in demand for products and services can cause inflation as consumers are willing to pay more for the product.

Causes of inflation:

》Increase in money supply: ...

》Deficit financing: ...

》Increase in government expenditure: ...

》Inadequate agricultural and industrial growth: ...

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