Economy, asked by riyamij, 4 months ago

Why do prices rise rapidly in some time periods while they are more stable in others?

Answers

Answered by shubhamraj57698
52

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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