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The Effects Of Inflation On Business And Why It Matters To You
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[QUOTE="Etini, post: 322097, member: 90141"] Inflation drives up the costs of inputs used for production. And this drives up the price of the final product. And as a consumer, you don't have any option but to buy at the given price, especially if it is a basic good lik food. Your income has not increased at the rate of the inflation thereby leaving you with less disposable income and a lowered purchasing power. This means that what you were able to buy in the past with your income, you can't buy same again because of the inflation. The solution is that income should be raised to reflect the rise in inflation. [/QUOTE]
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The Effects Of Inflation On Business And Why It Matters To You
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