Essay on Inflation: Meaning, Features, Types, Causes Effects and Control! Essay on the Meaning and Features of Inflation: Inflation means a state of general rise in prices. It covers several economic and monetary aspects, so it needs to be understood clearly. Inflation is commonly understood as a situation in which prices of goods and services […]
Essay on Inflation: Meaning, Features, Types, Causes Effects and Control | Economics
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Inflationary Gap: Concept, Criticisms and Importance
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In this article we will discuss about:- 1. Concept of Inflationary Gap 2. Criticisms of Inflationary Gap 3. Importance. Concept of Inflationary Gap: In his pamphlet, “How to Pay for the War” published in 1940, Keynes explained the concept of the inflationary gap. It differs from his views on inflation given in the General Theory. […]
Demand-Pull and Cost-Push Inflation
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Learn about the comparison between demand-pull and cost-push inflation. There has been a lot of controversy among economists over the issue whether inflation is the consequence of demand-pull or cost-push. According to F. Machlup, “The distinction between cost-push and demand-pull inflation is unworkable, irrelevant or even meaningless.” However, the debate between demand-pull and cost-push inflation […]
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