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inflation (form (sustained increase price level, types, cost push,…
inflation
form
sustained increase price level
types
cost push
increase in cost of production results in prices going up
drawbacks
increased industrial disputes because of higher wages
cash flow problems for busines
uncertainty might prevail
Benefits
increase in industrial disputes because of demand for higher wages
expenditure
petrol
alcohol
rise in general
stocks bought at lower prices earlier and sold as final products
value of assets will rise and make company financially secure
fall in real value of debts benefit the business which are in debts
retail price index
measured
consumer index
Demand Pull
The rise in demand of goods results in prices to rise