WELCOME TO YOU  I heartily welcome you to read about the concept of inflation, It's Types, causes along with measurements or precautions to control inflation and also the concept of trade cycles, causes/phases, Phillips curve (Related to inflation and employment), Deflation and Stagflation. Note Link each topic to the Economy and write the reasons equally which are responsible to a consequence such as inflation. recurring reasons to a topic is ok. Think wider because it is aggregate value. Relate each concept. ------------------------------ Concept of inflation Inflation refers to an increase in general price level is called as inflation. It is a situation in which general price levels rises. the purchasing power of money will decreases or the value of money falls down. It is a continues rise in price value due to more supply of money in the market.  simply, it's a situation where there is more availability of money than the availability of goods produced in the country. Inflat

Welcome to you! Namaste, Friends Today we're going to read a simple and small topic which is about wages and its types. Note: Share your thoughts in the comments and together make the subject very easy and practical to understand. ------------------------------ Wages Wages are remunerations which are paid to a labour for both mental and physical work done by them. in simple words, it is the amount/Price  which is paid by the firm or any organization for contribution of a person in the process of production. It may be mental work or physical work. A labour is considered to be a significant factor in the production. without his contribution or efforts, The other factors such as land and organization will remain unutilized or unproductive. Types of wages Wages are classified into 4 types. They are: Time, Peace, Money and Real wages. Time wages  If the wages are paid according to the time it is called as a time wage. generally it is for short period and many employees receive their wag

Welcome to you In this post we're going to know the different types of money. ----------------------------- What is money:  Money is an important economical unit which is used for transaction. Generally money is recognized by all in the markets as a physical commodity. it is the main function to cause a transaction. ------------------------------ Types of Money Following is a list that shows the different types of money. Commodity Money: It includes Metallic coins whose face value and inner value is same. It is also called as full bodied money. Representative money: It includes coins and paper money whose inner value is less than their face value. Legal tender money: The money which is accepted as per law by every one in payment for commodities is called as legal tender money.  Optional money: These money generally created by the commercial banks. For example, drafts, cheques. Now a days it is the common mode of transactions by using this kind of money. Metallic money: This money i