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Stepwise User Guide to access Class X and XII Marksheets cum Passing Certificate & Migration Certificate after declaration of result (For Indian Students).
Stepwise User Guide to access Class X and XII Marksheets cum Passing Certificate & Migration Certificate after declaration of result (For Foreign Students).
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🎓 Levels of Management
🎓 Levels of Management (Functions)
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Public notice regarding release of Admit Card for CUET-UG examination scheduled on 21st, 22nd, 23rd and 24th May 2023.
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⬇️ ECONOMICS IMPORTANT TERMS ⬇️
Inflation

🌳 Inflation is the rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country.
Deflation

🌳 Deflation is the general decline of the price level of goods and services.

🌳 Deflation is usually associated with a contraction in the supply of money and credit, but prices can also fall due to increased productivity and technological improvements.
Hyperinflation

🌳 Hyperinflation is a term to describe rapid, excessive and out-of-control general price increases in an economy.

🌳 While inflation is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month.
Stagflation

🌳 Stagflation is characterized by slow economic growth and relatively high unemployment or economic stagnation which is at the same time accompanied by rising prices (i.e. inflation).

🌳 Stagflation can be alternatively defined as a period of inflation combined with a decline in gross domestic product (GDP).
Built-in inflation

🌳 It occurs when workers expect their salaries or wages to increase when prices of goods and services increase to help maintain their living costs.

🌳 Built-in inflation can be viewed as a double-edged sword. As laborers demand higher pay, the cost of production increases, which can raise the cost of living.