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Please help I need a great explanation for what is inflation in terms of economics.

Please help I need a great explanation for what is inflation in terms of economics.
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Please help I need a great explanation for what is inflation in terms of economics.

User Quaxton Hale
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6 votes
Simple version.

Inflation: A general rise in the price of goods and services.
User Kevin Collins
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Inflation may be defined as when a lot of money can only buy a little quantity of goods or services. In other words, prices are ridiculously high.
User Centurion
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