Notes and Study material for Exams
Inflation & Control Mechanism 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.It is the Percentage change in the value of the Wholesale Price Index (WPI) on a year-on … Read more
Understanding Inflation: A Comprehensive Guide Inflation is a pervasive economic phenomenon that affects everyone, from individuals to businesses and governments. It refers to a sustained increase in the general price level of goods and services in an economy over a period of time. While a small amount of inflation is generally considered healthy for a … Read more