Why inflation happens and the impact on common people? What does it mean by interest rate and how does it influence a country's growth?
Today’s topic is going to be inflation. I will try to bring all the related information a person needs to know to understand the economy. How does inflation impact the market and everyone’s life? What are the reasons that inflation can rise in the economy? The actions can be taken to bring down inflation, does this necessary to happen! Is there any good sign of inflation! So, let’s start today’s discussion without wasting a second of time. INFLATION : In simple words, inflation simply means the rising prices of goods and services. The rate is not fixed but it is likely to rise every year by a few percentages. Whatever product we buy or services we take, there is slightly a higher cost that we pay compared to the last year is called inflation. It keeps on happening every year, and that’s why it gets unnoticed by common people. But if the time gap increases by 5 years, you will clearly see the differences in prices. WHY INFLATION HAPPENS? There might be multipl...
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