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Saturday 11 March 2017

Inflation

Q : What is Inflation ?

Ans : Meaning and definition of Inflation : 

The term inflation may be defined as a sustained rise in the general price level, which causes a decline in the purchasing power of money. The main cause of rise in general price level is too much money in circulation.
inflation is issue of too much currency    -R.G Hawtrey

inflation is the state in which the value of money is falling, i.e., prices are rising  - C. Crowther

Daily English Capsule Day 22

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