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kakasveta [241]
3 years ago
10

Explain the significance of inflation

History
2 answers:
SSSSS [86.1K]3 years ago
7 0
The definition of inflation in the field of economics is "mean increased money supply, but the general public often refer to a sustained increase in the general price level of goods and services in an economy over a period of time, causing due to increased demand, "Too much money chasing too few goods." It can also be seen as a lack of value in the currency.
olga55 [171]3 years ago
7 0
Inflation makes money more common and therefore raises prices. this causes promblems due to wages not rising as well. 
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