When people have more money and eagerly spend it, this increases demand, whereas demand-pull leads to inflation.
<h3>What is demand-pull inflation?</h3>
Demand-pull inflation is a monetary phenomenon where demand exceeds supply and increases prices.
- When the prices of raw materials/labor increase, it leads to an increase in the costs of production and results in higher prices for the consumers.
In conclusion, when people have more money and eagerly spend it, this increases demand, whereas demand-pull leads to inflation.
Learn more about demand-pull inflation here:
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Indira Gandhi became India’s first female prime minister because the people of India voted her in.
In the 1967 Lok sabha election, Indira Gandhi, the prime ministerial candidate of Indian National Congress won a landslide victory and thus became the first female Prime Minister of India. She remained PM of India from 1967 to 1977 and again from 1980 to 1984.
Answer:
im sure its in the 3 minute video. just watch it
Explanation:
Answer: b hope this helps
Explanation:
Rum, textiles and manufactured goods.
