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Topic for the week ✍Monday to Monday

Please kindly treat ANY OR ALL. Talking to someone with a little education..

A) What is Inflation?

B) What are the causes of Inflation

C) What role has the government to play to fight inflation

D) Is inflation a global problem or it’s just in your country ?

Thank you..
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21 thoughts on “Topic for the week ✍Monday to Monday”

  1. Anyafulu Miracle Damilola

    What is inflation?
    Inflation is an increase in the general price level of goods and services in an economy.
    It is the rate of increase in prices over a given period of time.

    What are the causes of inflation?
    1) Increase in wages
    2) Increase in the price of raw materials
    3) Increase in taxes
    4) Decline in productivity
    5) Increase in money supply
    6) Population growth
    7) Hoarding
    8) Genuine shortage
    9) Growing economy
    10) Expansion of the money supply
    11) Government regulation
    12) Exchange rate changes

    The role of the Government in fighting inflation.
    The government must do the following to fight inflation;
    1) Manage the exchange rate through an effective monetary policy
    2) Promote work, savings and investment
    3) Increase labour supply
    4) Personal savings
    5) Capital supply
    6) Favourable policies
    7) Infrastructure and security
    8) Increase in provision of products and services
    9) Reducing cash incomes.

    Is inflation a global problem or just in your country?
    Yes, it’s a global problem

    1. What’s inflation?
      Inflation is the rate of increase and rise in d prices of goods and services over a period of time.

      What are the causes of inflation?
      1) Demand push.. when there are more buyers than d product is available,imbalance between demand and supply.
      2) Cost push….Too much cost of product on supply side.
      3) Increased money supply.. when there’s too much money in circulation.
      4) Rising wages
      5) Devaluation
      6) Monetary and fiscal policies
      7) Over population or population growth.
      8) Declined productivity
      9) Hoarding of goods

      The role of government in fighting inflation are as follows:
      1) Monetary policy.. changing the interest rate to control inflation
      2) Through fiscal policies can assist in fighting inflation
      3) Government can reduce spending and increase taxes to reduce inflation.
      4) Promote work, savings and investments.
      5) Increase labour supply, capital supply and productivity.
      6) Credit control
      7) Demonetization of currency

      Is inflation a global problem or just in your country?
      It’s a global problem

  2. Mboma Daniella Ihechi

    The three primary causes of inflation are; cost push inflation, Demand pull inflation and built-in inflation… Other causes are Devaluation in currency, increase in money supply i.e money printing, government policies and regulations, rising wages, monetary and fiscal policies. Thanks, invited by Monicmary

    1. (1)What is inflation? Inflation is a general increase in prices and fall in the purchasing value of money. (2) The causes of inflation are:. – increase in public spending. -Tax reductions. -price rise in international market. -increasing demands. -Government policies and their regulations. 3) Government through fiscal policy can assist in fighting inflation. They can reduce spending and increase taxes. Changing interest rates to control inflation.. 4)we know inflation is a global problem all around the world. But the factors driving it are different region to region..

  3. Inflation is the measurement of the rate of the rising of prices of goods and services in an economy. Inflation can occur when prices rise due to increases in production costs, such as raw materials and wages.

  4. Chris Chidimma

    INFLATION is the increase or rise in of goods and services as a result of increased cost of production and productivity.

    Basically, inflation is caused by
    1. Increased demand over supply of products and services which can lead customers to be willing to pay all it costs for such services.
    2. Cost of production of goods and services
    3. Increased money supply in the economy.
    4. Valueless currency of an economy.

    The government has roles to pay such as
    Encouraging savings and investment of people by supply adequate job opportunities for citizens, Monetary policy primarily involving changing interest rates to control inflation. Governments through fiscal policy, however, can assist in fighting inflation. Governments can reduce spending and increase taxes as a way to help reduce inflation.

    And yes, inflation is a global problem.
    Thank you.

  5. Ezedike Valentine

    Inflation is not peculiar to a particular country but are higher in countries Nigeria were economic policies are concentrated on consumption as against production. Lack of diversification from earned gross national and domestic products is fertiliser to over dependence on importation. And so, in case where the currency is devalued under the above circumstance, inflation is bound to skyrocket. I am invited by MonicMary Itoba Mboma.

  6. What is inflation?
    Inflation is an increase in the price of goods and services of a country
    Or the increase of Goods and Services

    What are the causes of inflation?
    1) Increase in wages
    2) Increase in the price of raw materials
    3) Increase in taxes
    4) Decline in productivity
    5) Increase in money supply
    6) Population growth
    7) Hoarding
    8) Genuine shortage
    9) Growing economy
    10) Expansion of the money supply
    11) Government regulation
    12) Exchange rate changes

    Inflation is a global problem

  7. Yohanna Naomi Karma

    Inflation is when there’s increase in the cost of living
    Cause is basically when there’s increase in fuel price
    The government’s role is to increase salary range since everything is getting cost.
    This case is more in Nigeria ooo

  8. A: Inflation is the increase in general price level of goods and services in an economy in a particular country.
    B: Causes of inflation
    Demand from customers
    Increasing money supply
    Higher cost for business
    C: Role of government to fight inflation
    The government should control market price
    And increase salary level
    D: inflation is a global problem, especially in Nigeria

  9. Inflation is the increment in price of goods and services in a country at a particular given period of time, it actually occurs when the demand is high than the supply of goods and services

  10. Uzoamaka Stella Ike

    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.

  11. This are the causes of infection:Increase in public spending, hoarding, tax reductions, price rise in international markets are the causes of inflation. These factors lead to rising prices. Also, increasing demands causes higher prices which leads to Inflation.

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