Economics Optional

2023-05-18 13:50:10 UPSC PRELIMS Short Revision notes

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2023-05-16 11:52:01 Most Important Indian Geography and World Geography and GS Tricks

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2023-05-16 11:01:01 Stagflation

is characterized by slow economic growth and relatively high unemployment—or economic stagnation—which is at the same time accompanied by rising prices (i.e. inflation).

Stagflation can be alternatively defined as a period of inflation combined with a decline in gross domestic product (GDP). ओपन / कमेंट

2023-05-16 10:49:40 Creeping inflation (1-4%)

When the rate of inflation slowly increases over time.

For example, the inflation rate rises from 2% to 3%, to 4% a year. Creeping inflation may not be immediately noticeable, but if the creeping rate of inflation continues, it can become an increasing problem. ओपन / कमेंट

2023-05-15 18:29:58 Built-in inflation

occurs when workers expect their salaries or wages to increase when prices of goods and services increase to help maintain their living costs.

Built-in inflation can be viewed as a double-edged sword. As laborers demand higher pay, the cost of production increases, which can raise the cost of living ओपन / कमेंट

2023-05-15 18:29:57 Stagflation

is characterized by slow economic growth and relatively high unemployment—or economic stagnation—which is at the same time accompanied by rising prices (i.e. inflation).

Stagflation can be alternatively defined as a period of inflation combined with a decline in gross domestic product (GDP). ओपन / कमेंट

2023-05-15 18:29:57 Hyperinflation

is a term to describe rapid, excessive, and out-of-control general price increases in an economy.

While inflation is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month. ओपन / कमेंट

2023-05-15 18:29:57 Deflation

Deflation is the general decline of the price level of goods and services.

Deflation is usually associated with a contraction in the supply of money and credit, but prices can also fall due to increased productivity and technological improvements.

Whether the economy, price level, and money supply are deflating or inflating changes the appeal of different investment options. ओपन / कमेंट

2023-05-15 18:29:57 Inflation

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. ओपन / कमेंट