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Data Entry and Keyboarding Skills – Typing and Deleting text
Typing and Deleting Text Let us see how we can type and delete text using a keyboard. To type text,...
What is Inflation?
What is inflation
Inflation refers to the increase in prices of any goods and services, whether essential such as food, clothing, housing rent, property (apartments, land) prices, transport (cabs, buses, trains), or non-essential such as cosmetics, jewellery, cars, etc.
Let’s consider a real-life scenario to understand inflation. Suppose the public transport (buses, trains) of a city stops for a month because the drivers are protesting demanding an increase in their salaries. What will happen? A lot of people ( let’s assume around 60% people of a city) are dependent on public transport and when they aren’t operational, they think of other options to go to their workplaces right? And it is cabs and autos, right?
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Deflation
The opposite of inflation is deflation. It happens when the price of a commodity falls, which occurs rarely.
Now you know that inflation has a direct impact on the economy of a country.
To learn about Economy, click here.
Citations :
Skillioma (February 5, 2023) What is Inflation?. Retrieved from https://www.skillioma.com/what-is-inflation/.
"What is Inflation?." Skillioma - February 5, 2023, https://www.skillioma.com/what-is-inflation/
"What is Inflation?." Skillioma - Accessed February 5, 2023. https://www.skillioma.com/what-is-inflation/
Skillioma May 23, 2020 What is Inflation?., viewed February 5, 2023,<https://www.skillioma.com/what-is-inflation/>
Skillioma - What is Inflation?. [Internet]. [Accessed February 5, 2023]. Available from: https://www.skillioma.com/what-is-inflation/
"What is Inflation?." Skillioma [Online]. Available: https://www.skillioma.com/what-is-inflation/. [Accessed: February 5, 2023]
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