Inflation – Types and Causes

Inflation is an economic condition in which general price level rise, and currency is devalued over a period of time. The value of currency decreases and resulted in erosion of purchasing power. One unit of currency can purchase fewer goods and services. Currently...

Types of Inflation

Several economists have described the inflation in different ways. For example Coulborn define inflation as “Too much money chasing too few goods.” According to Crowther “Inflation is a state of economy in which the value of money is falling, i.e. prices are rising.”...