Using four or more sentences explain the concept of inflation and how it measured

Question

Social Studies

Iris Gillespie

25 February, 01:29

Using four or more sentences explain the concept of inflation and how it measured

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Answers (2)

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Shaffer · Answer 1

Inflation is an increase in value of money. This is counted in terms of supply and demand. The more people want something, the more they are willing to pay. People are wanting materialistic things more and more. This is causing the price to increase.

Van Mendez · Answer 2

Inflation is the price increase in sales. The demand of a product may cause the sale price to increase. The more someone wants something the more they are willing to give. It can be measured by subtracting the original price. If taxes are included those would also be increased.