Inflation- general sustained price rise of goods and services over a…
Inflation- general sustained price rise of goods and services over a period of time.
Increased foreign debt
Increase in deficit of balance of payments
Decline in competitiveness
Reduced borrowing from banks, reduced investment
Decreased disposable income
Fall in real value of savings, discouraging saving
Decreased consumer confidence
shoe leather costs
Decreased Disposable income.
Fall in real value of savings