2. Inflation
In economics, inflation is a persistent increase
in the general price level of goods and
services in an economy over a period of time.
It's usually measured as an annual
percentage, just like interest rates
When the general price level rises, each unit
of currency buys fewer goods and services
3. Zero Inflation
Zero Inflation is a state when the economy
reaches a state when there is no inflation
Zero inflation is where the economy reach a
state of 0% inflation rate.
It is a big achievement for every economy
because in the present day it is not at all easy
to establish a zero inflation economy.
4. Advantages
Zero inflation economy enables to lessen the
price distortion
Reduces the uncertainty involved in price drift
Aids in enhancing the economic growth along
with adding liquid money to the economy
Best example is USA. It had faced a high
inflation during the 1970s but after a long effort
they could establish an economy that was
clear off inflation. They reached a stage of
zero inflation.
5. Food Price
Food is any substance containing nutrients,
such as carbohydrates, proteins, and fats, that
can be ingested by a living organism and
metabolized into energy and body tissue
Price is the sum or amount of money or its
equivalent for which anything is bought, sold
or offered for sale.
Food price is the amount paid to buy certain
quantity and amount of food materials.
6. Food Price Rise
Reasons:
1. Increase in population
2. More demand of food
3. Less productivity
4. Export of food
5. Holding by marketeers
6. Devaluation of money
7. Government policies
