Social Sciences, asked by vinaykumar75k19, 9 months ago

what is the constant rise in commodities is called economic ​

Answers

Answered by avimahthaofficial
9

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 period of time. It is the rise in the general level of prices where a unit of currency effectively buys less than it did in prior periods.

Answered by punpushkar2014
17

Answer:

In economics, a commodity is an economic good or services that has full or substantial fungibility.

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