Economy, asked by Cutenessqueen224, 10 months ago

What is High rate of inflation full explation in easy words

Answers

Answered by kevalsahu8899

Explanation:

prabandh Khali Sthan Vigyan hai

Answered by viratgraveiens

Inflation is usually a microeconomic term referring to the rise or increase in the overall price level in the economy.

Explanation:

Inflation basically measures the average rate of increase or rise in the overall price level of all the goods and services in the economy.Note that it does not focus on the price level of any particular good or services but combines the prices of all the goods and services in the economy and calculates the average rate of change in price level.If we are interested in measuring the inflation of a single product,we will emphasize on the rate of change in the price level of that particular good.

Now,high rate of inflation basically implies the excessively high rate of increase or rise in the price level of all the goods and services in the economy.It indicates that prices of almost all the products and services in the economy are rising rapidly and at a very high rate.Some of the prominent causes of hyperinflation or high inflation rate includes demand pull or rise in consumer demand,excessive printing of money by the government,rapid rise in the prices of raw materials and factors of production etc.

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