Introduction Inflation - a global phenomenon is becoming a burning issue in many countries all over the world today. The Oxford® Dictionary of Business presents the following definition for inflation: “A general increase in prices in an economy and consequent fall in the purchasing value of money.” In Germany in January 1921‚ a daily newspaper cost 0.30 marks. Less than two years later‚ in November 1922‚ the same newspaper cost 70‚000‚000 marks. All other prices in the economy rose by similar
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GDP Calculation (expenditure approach) Consumption(C): –The spending by households on goods and services‚ with the exception of purchases of new housing. •Investment (I): –The spending on capital equipment‚ inventories and structures‚ including household purchases of new housing. •Government purchases (G): –The spending on goods and services by local‚ state and federal governments. –Does notinclude transfer payments because they are not made in exchange for currently produced goods
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perception of INFLATION in Europe Jorge Yébenes Lorena Zamora UEK 2012 INTRODUCTION Definition of Inflation Inflation is the phenomenon that consists of continued and general growth on the price of goods and services in an economy in a certain period of time. It doesn’t follow a cyclical cause and does not affect either not an individual or a few. How can we measure the “inflation”? To measure inflation‚ we use a "general index‚" a ratio‚ percentage expression. We call it Inflation rate which
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THE CRAZE FOR CERTIFICATE BY NIGERIANS In recent years there is this general tendency that an increasing number of Nigerians seem to pay more attention on getting various certificates from undergraduate certificates to professional certificates. They are so many types of certificates‚ the growing tendency among Nigerians to get all kinds of certificates has now involved into a craze. The word craze means an enthusiastic interest in something that is shared by many people but that usually does not
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Overview of Pakistan’s Economy Pakistan was a very poor and predominantly agricultural country when it gained independence in 1947. Pakistan’s average economic growth rate since independence has been higher than the average growth rate of the world economy during the period. Average annual real GDP growth rates were 6.8% in the 1960s‚ 4.8% in the 1970s‚ and 6.5% in the 1980s. Average annual growth fell to 4.6% in the 1990s with significantly lower growth in the second half of that decade. Farming
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economics that deals with aggregate economics; it analyses the economy as a whole‚ in terms of the national production and consumption. Thus macro economics looks at factors of production and consumption‚ using the scarce resources – at a national macro level. Macro Economic policy looks at four primary variables‚ in the study of the economy as a whole‚ these being unemployment rate‚ balance of payments‚ the national interest rate and inflation. This four variables are the major and primary interest of
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This paper critiques the slow pace and use of legal rigmaroles in frustrating enforcement investors’ protection laws in Nigeria‚ compared with the American legal system‚ using AJAYI v SEC as reference. It concludes that (a) Nigerian courts should employ their power to sanction lawyers and litigants more proactively; (b) specialised courts’ powers‚ such as the Investment and Securities Tribunal (IST) must be enhanced to handle specific subject-matters in Nigeria; and (c) the rights of appeal to appellate
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YOUTH MIGRATION: THE NIGERIAN EXPERIENCE Nigeria‚ one of the less developed countries of the world and the purported giant of Africa‚ is no doubt having enormous challenges becoming a developed country. It is faced with the problem of bad roads‚ which is the major cause of death in the country. It is not going anywhere with the various self-centered policies made by the legislators. Religious and ethnic crises have plagued the country worse than the historic religious times of Egypt. Our educational
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Economic Growth- Please write the definition Inflation- Rising prices across the board. Inflation means less bang for your buc‚ as it erodes the purchasing power of a unit of currency. Inflation usually refers to CONSUMER PRICES. Therefore the goal of MONETARY POLICY in many countries is to ensure that inflation is neither too high or too low. The present growth rate of our country has dropped to nearly three and a half year low of 5.5%. India’s GDP growth for the 1st quarter of the current
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Inflation in India There is hardly a thing or commodity whose price has not gone up in the recent times. Rise in prices has become a common feature in India and the people are reconciled to this fact. Rise in prices is called inflation. There are various factors that contribute to this rise in prices. Some are natural factors like unfavorable weather conditions which affect the food production and lead to the shortage of commodities in the market. With more money chasing fewer goods‚ the prices
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