Cost Push Inflation Example
December 5, 2022 ⚊ 1 Min read ⚊ Views 71 ⚊ BUSINESS
It is a form of inflation that occurs when the prices of resources are increased, meaning the companies are receiving less raw material for the same price. Companies cannot afford to increase their production rate to meet the demand, therefore, to keep the product at a relatively the same price, the production is scaled back.
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Tags: Cost Push Inflation
