Prices of necessary goods increase in a country due to an increase in the cost of raw materials and labour.This is an example of _____.
A)inflation
B)recession
C)depression
D)biflation

Name: Prices of necessary goods increase in a country due to an increase in the cost of raw materials and labour.This is an example of _____. A)inflation B)recession C)depression D)biflation
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Question

Quizplus · Accepted Answer

Inflation is a period when the cost to produce and buy products and services gets higher as prices rise.

Prices of Necessary Goods Increase in a Country Due to an Increase