• Inflation: Definition, Causes, Impact on the Economy

    Inflation: Definition, Causes, Impact on the Economy

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    Inflation is a common economic phenomenon that affects people in many different ways. It refers to the sustained increase in the general price level of goods and services in an economy over a period of time. Inflation can have a significant impact on people's purchasing power and standard of living.  One of the most notable effects of inflation is the increase in the cost...
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