inflation is an economi concept that refers to increases in the price level over a period of time
what is inflation?
does it have bad effects?
what's the reason why inflation is created?
The Good effect of inflation is when the economy is not running at capacity, meaning there is unused labor or resources inflation theoretically helps increse production.
when the money supply increased and income and demand also increase rather than production, the price will be pulled up
The negative effects of inflation is that an increase in the opportunity cost of holding money
how do you response with inflation?
Instead of raising prices, consider bundling, repositioning your brand, or changing you price model.