This article presents the meaning and key features of inflation. The situation of the continuous, sustained, and rapid increase in prices of almost all goods and services is known as inflation. It means inflation is a continuous, sustained, and rapid increase in the general price level of the economy which is generally measured by the …
This article ‘Meaning and Views of Inflation’ tries to briefly explain the meaning of inflation and different views and perspective of inflation developed over time. Inflation is generally defined as the rapid, sustained, and large increase in the prices of almost all goods and services over time. Thus, inflation means a substantial and rapid increase …
Meaning of National Account Rebasing The Rebasing of National Accounts also called re-benchmarking of the national account series or gross domestic product (GDP) is the mechanism of replacing an old base year used to compile volume measures of GDP with a new and more recent base year or price structure. Economic analysis deals with the …