Question

what is the constant rise in commidities prices called in economics?​

Answer 1

Answer:

The increased price of the factors of production leads to a decreased supply of these goods. While the demand remains constant, the prices of commodities increase causing a rise in the overall price level.

Answer 2

Answer:

answer: 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 some periods of time it is the rise in the general level of the prices where a unit of currency effectively buys less than it did prior periods