What is Inflation? Explain with example.
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The rate at which the general level for prices of goods and services raise and consequently the purchasing power of currency falls is known as inflation.
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hiii veda.....inflation means a drastic rise in the general price level of a commodity or any other related services, it has to effects..pros and cons..there are many types of inflation we can find like creeping inflation , walking inflation, galloping inflation etc..so
for example if the price of pen is 10 rupees and if inflation took place it means high rise in the price to 15 rupees..it's called inflation..it has two effects..that seller will get beneficiary nd buyer Wil b loser....
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for example if the price of pen is 10 rupees and if inflation took place it means high rise in the price to 15 rupees..it's called inflation..it has two effects..that seller will get beneficiary nd buyer Wil b loser....
hope u got it....
follow me
thanks
Mark brainliest
stay connected with me for many answers....
Jai hind
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