what is inflation and its causes
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heya dear user
here is ur answer
inflation means a persistent rise in the price level of goods and services leading to a fall in the currency 's purchasing power
now the causes of inflation
☆ printing too much money
☆ tax rises
☆ decline in exchange rates
☆ increase in production costs
hope it helps
here is ur answer
inflation means a persistent rise in the price level of goods and services leading to a fall in the currency 's purchasing power
now the causes of inflation
☆ printing too much money
☆ tax rises
☆ decline in exchange rates
☆ increase in production costs
hope it helps
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Definition of Inflation :
In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.
Causes of Inflation :
1]Inflation can take place as a result of a rise in aggregate demand or a failure of aggregate supply or both. ...
2)Increase in public expenditure. ...
3)Deficit financing. ...
4)Erratic agricultural growth. ...
5)Agricultural price policy of the Government.
6)Reducing Taxes
7)Increase in Export
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