Although both are economic problems that could affect the economic development of a country, there are some important differences:
• Inflation occurs when the price of services and good suffer a tremendous increase, reducing the power of the money, and therefore the people’s purchasing power. Some examples include Argentina during the early 2000s or the current situation of Venezuela.
• Depression is an economic recession that lasts several years, causing an irreparable damage to the economy. Some consequences of depression are the high rates of unemployment and the devaluation of local stocks, as well as local currencies.
Such as the Great Depression during the 30s or the recent one of 2008
When the united states impose tariffs on foreign steel, any foreign producers that want to sell their steel in the u.s. have to pay an extra fee making it more expensive for them to sell their products.
The country that can manufacture and sell the product cheaper than any other country, or the only country that can supply the product, has an absolute advantage. For example, the United States has an absolute edge in reusable spacecraft and other high-tech products.
When the United States imposes tariffs on foreign steel, all foreign producers who want to sell their steel in the United States must pay an additional fee, increasing the selling price of their products.
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<span>the United Kingdom is a constitutional monarchy.the Queen of England has many titular roles and is officially the head of state, although in practice.The true influence and power in the England form of government comes from the prime minister and the Parliament.</span>
The answer to the riddle '<span>Those who gaze at me from above will be filled with answers' is Microscope. When you look into a microscope with a sample in the slide, you will get the 'answers' you've been looking for, example, the microorganisms present in your sample. </span>