An executive summary is a short document produced for business prospective, which summarizes a prolonged report that readers can quickly understand without reading it all. Components: Intro: It should be a perfect initiative paragraph and brief statement of overall proposal. Paragraph should be impressive enough to get attention and put good impression on client because it gives a quick punch to the customer to build trust Read more…
Remedies to inflation: As we can see with two different categories of inflation, it is not always possible to administer exact policies that will curb inflation from increasing exponentially. When faced with cost-push inflation, the response is often to get control over the cost of inputs. Limit wage increases: Wages can be a Read more…
There can be several reasons for an increase in costs: Rising labor costs: An increase in wages often occurs when unemployment is low, and skilled labor can demand more of a wage increase. Expectations of inflation: Read more…
Cost-push inflation: This is where the cost of inputs in a product increases, so in order to preserve profit margins, a firm will push up the final price of the good. There are Read more…
Causes of demand pull inflation: The main causes of demand-pull inflation are: Fiscal stimulus: Read more…
Mild Inflation: Mild inflation is a slower degree of inflation having beneficial effects on the economy. It is a sign of an expanding economy and is identified with a lower level of unemployment. It indicates a rather slow rate of Read more…
Demand-pull inflation: An increase in aggregate demand which leads to rise in the level of inflation is known as demand –pull inflation. Example: Read more…
Wage spiral inflation: Wage spiral inflation studies the relationship between rising wages and rising Prices or inflation. Explaination: The concept states that rising wages give rise to the disposable income that raises the demand for goods and services which in turn causes a Read more…
Stagflation: Stagflation is marked with slow economic growth combined with high unemployment leading to economic stagnation with higher inflation and reducedgross domestic product.
Hyperinflation: Prices are rampant, and can increase by a rate of 1,000,000,000% annually! Prices increase so quickly, that money becomes worthless. It is no longer use as a store of value, and cannot be used for transactions. Read more…