Say, you are buying a thing for $10 this year. In the next year, you would be paying x% more to buy the same thing. This is because of inflation. In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the
#63 - Personal Finance 101 - Why to invest?
#63 - Personal Finance 101 - Why to invest?
#63 - Personal Finance 101 - Why to invest?
Say, you are buying a thing for $10 this year. In the next year, you would be paying x% more to buy the same thing. This is because of inflation. In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the
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