Imports impact the economy in several aspects. For example, at the micro level, imports affect competition by increasing supply in the domestic
Inflation
Inflation Rate: How to Calculate, Types, Effects of Economic Policy
What's it: The inflation rate is the percentage change in the economy's prices of goods and services over a certain period. While inflation
Disinflation: Meaning, Causes, Impacts
What's it: Disinflation is a situation in which the price level increases at a slower rate of growth. In other words, inflation is still
Deflation: Concepts, Causes, Impacts, and Possible Solutions
What's it: Deflation is the state of the economy when the aggregate price level falls. This is the opposite of inflation, and we also call it
Cost-Push Inflation: Meaning, Causes, Effects, Solution
Cost-push inflation refers to inflation caused by rising production costs. It can happen because the input costs, such as wages, raw materials,
Hyperinflation: Meaning, Causes and Impacts
Hyperinflation is a period when the inflation rate is exceptionally high. The percentage can be more than 50% per month, and in extreme cases, prices
Capacity Utilization: Its Relationship With Profitability, Aggregate Demand and the Economy
What's it: Capacity utilization refers to the extent to which existing production capacity is used. It may refer to a company's machinery or
Inflation: Types, Importance, How To Calculate, Policies to Affect It
Inflation is an increase in the general level of prices of goods and services in the economy over time. If the price of one item or several items