Social Sciences, asked by mayank4995, 1 year ago

what is inflation???!!!!!!​

Answers

Answered by ayusha84
1

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...

Answered by pratmasingh867
1

Answer:

Inflation is an economic term that refers to an environment of generally rising prices of goods and services within a particular economy. As general prices rise, the purchasing power of consumers decreases. ... For example, prices for many consumer goods are double that of 20 years ago.

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