why is inflation important?reasons for increase in inflation rate in india over lat 5 years...please explain in layman%26#039;s language as i%26#039;m new to concept
What is inflation?explain all details?how is it calculated?is it a Myth or reality???
Inflation is the percentage that goods and services rise over the same period last year. So lets say something cost $10.00 in November of last year and this year the same product or service costs $10.20 that is a 2% increase.
The causes of inflation in layman%26#039;s terms is too much money chasing too few goods%26quot;.
If you want details I suggest you read the article http://money.howstuffworks.com/question7...
No comments:
Post a Comment