Economy, asked by missayeshahfd, 1 month ago

what is inflation and root causes of inflation?​

Answers

Answered by maheshsingha553
0

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.

Answered by shubhashrees73
3

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.

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