A sustained rise in the prices of commodities that leads to a fall in the purchasing power of a nation is called inflation. Although inflation is part of the normal economic phenomena of any country‚ any increase in inflation above a predetermined level is a cause of concern. High levels of inflation distort economic performance‚ making it mandatory to identify the causing factors. Several internal and external factors‚ such as the printing of more money by the government‚ a rise in production
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Inflation: Inflation is defined as a sustained increase in the general level of prices for goods and services. It is measured as an annual percentage increase. As inflation rises‚ every dollar you own buys a smaller percentage of a good or service. The value of a dollar does not stay constant when there is inflation. The value of a dollar is observed in terms of purchasing power‚ which is the real‚ tangible goods that money can buy. When inflation goes up‚ there is a decline in the purchasing
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Tables of Contents 1.0 Introduction 2 1.1 Inflation 2 1.1.1 What Inflation is? 2 1.2 two types of inflation: 2 1.2.1Creeping inflation 2 1.2.2.hyperinflation 2 1.3 Causes of inflation 2 1.4 Measure of inflation. 3 2.0 India ’s economy ‚ history of inflation and inflation rate. 3 2.1 Causes of inflation in India 4 2.1.1 Shortage of food 4 2.1.2 Population rise. 4 2.1.3Weak Indian rupee. 4 2.2 Impact of inflation in India 5 2.2.1 Low standard of living 5 2.2.2 high
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Chapter II ---------------- 2.1 Industry Analysis Food and beverage manufacturing is an important component of the Philippine economy. In 2009‚ gross value added in food manufactures and beverage industries reached P903.7 billion at current prices‚ contributing 58 percent of total manufacturing output and 12 percent of the country’s gross domestic product. In real terms‚ the sector contributed nearly half of total manufacturing output and 11 percent of GDP. The industry has generally grown
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MYP Economics Inflation in the United Kingdom What is Inflation? Inflation is the general increase in prices of goods and services in an economy. When the purchasing power falls‚ currencies tend to lose some of its value. A measure of price in inflation is the inflation rate; it’s the annualized percentage in a general price index (also known as CPI) over time. Inflation is very infrequent and the price level is as likely to fall‚ as it is to rise. The inflation rate of a country may be
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3.1 Introduction There are various ways for the employees to voice out their dissatisfaction. One of the ways is by using picketing. Under section 40 of Industrial Relation Act allow workers to attend at or near their workplace when they have a trade dispute. The purpose of picketing are communicate issues to the public and embrass the employers. Picketing also held at lunch time‚ and before or after working hours. Picketing is enforceable by law as long as it must not intimidate anyone‚must not
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area‚ weak output growth and huge fall in inflation‚ causing huge possibility to fall below targeted level lesser than 2.4%. Several factors could be taken into account to affect the inflation level in the future‚ such as‚ pace of demand recovery associated with supply movements‚ spare capacity weighs on costs and prices‚ change in exchange rate and path of commodity prices. There are several judgements made by the Committee regarding on the inflation levels such as projections on rise of GDP in
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"Unemployment and Inflation" Please respond to the following: • Predict whether the years following the next presidential election will bring us inflation‚ deflation‚ or relatively stable prices. Provide support for your response. I believe the prices will relatively remain stable‚ but overtime there will be inflation‚ and this is to pay for government funded programs and to pay for the offset costs associated with new laws and regulations governing healthcare. With the current fiscal cliff
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Inflation in Russia Inflation in Russia is characterized by the contrast. The most striking example - unreasonably high growth rate of inflation in the medium of the poor and reduce the cost of living for the wealthy strata of the population. Poor in Russia is much more than the rich. Poor mainly acquire essential goods and the high demand for them. Because of this‚ their prices are rising faster and more intense than for other goods. As a result‚ the poor are gradually becoming poorer and the rich
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Inflation in Bolivia is at 7.18%‚ making the country fourth among the countries of its region. The cost of food products increased the most and‚ according to analyses‚ the ever growing demand from China and low production due to climactic conditions also influenced these annual numbers (Prensa‚ 2011).International analysts point at the Bolivian gasolinazo as the factor that increased inflation to 7.18%‚ way above the country’s initial inflation rate of 4.5% at the beginning of the year 2010 (Prensa
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