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CLASE 5/9/2024, INFLATION, DEVALUATION: - Coggle Diagram
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INFLATION
The term inflation refers to a drop in purchasing power because of a rise in prices over a certain period of time. (The continious incresae in goods price)
When there is more demand than offer, the prices increase
CAUSES:
PUSH INFLATION, an increase in the demand of the product and the offer is not enoughf.
For example, in ukraine there is produced fertilizer, without fertilizer when cant make lemons, so the escazes of fertilizer pushes the escazes of lemons
PULL INFLATION:
Is a type of inflation that occurs when demand for goods and services increases faster than the supply, causing prices to rise
COST PUSH INFLATION:
Factors that made the price of a total thing get up, for example a house, the materials can go higher, the zone can be more wanted, etc, so that apart things make the price get up
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HYPERINFLATION:
Everything stars increasing its value a lot, to fast, is when the inflation is above 10%
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DEVALUATION:
The money devaluation happens, when it losses purchasing power