Question

what is inflation and depression in economics?​

Answer 1

Answer:

Its a really good question, here's the simple explanation

Explanation:

Inflation: It is when the price of a commodity or good rises and the purchasing power of currency decreases, in simple terms it is when you need more money to buy something.

Deflation: It is when the commodities themselves loose value hence tend to earn or generate less revenue which in turn usually ends up firing employees to cope and the cycle continues, a good example will be The great depression of 1929 which started mainly due to stock market crash.

Hope it helps