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what are causes effects of inflation

what are causes effects of inflation alKgd
Inflation, an economic plague, is one of the most talked-about words in contemporary society. Inflation may be defined as “a persistent and appreciable rise in the general level or average of prices”. What are factors leading to inflation and what are its effects on the economy or society? This essay will give insight into these issues. There are various factors that can drive prices or inflation in an economy. Typically, inflation results from an increase in production costs or an increase in demand for products and services. Indeed, Cost-push inflation occurs when prices increase due to increases in production costs, such as raw materials and wages. The demand for goods is unchanged while the supply of goods declines due to the higher costs of production. As a result, the added costs of production are passed onto consumers in the form of higher prices for the finished goods. Another reason for inflation is demand-pull inflation which can be caused by strong consumer demand for a product or service. There is no doubt that when there’s a surge in demand for a wide breadth of goods across an economy, their prices tend to increase. While this is not often a concern for short-term imbalances of supply and demand, sustained demand can impact on the economy and raise costs for other goods leading to demand-pull inflation. To some, inflation signifies a struggling economy, whereas others see it as a sign of a prospering economy. Here, we examine some of the major effects of inflation. One of the terrible results of inflation is that the cost of goods and services rises, the buying power of currency falls. Venezuela is a famous country because of not only a lot of Beautiful Miss World but also inflation. In there, a cup of coffee now costs a million bucks. People living Venezuela currently should pay a box of money for everyday goods such as one kilogram of corn flour, a toilet paper roll or a loaf of bread. On the other hand, inflation also encourages spending and investing. A predictable response to declining purchasing power is to buy now, rather than later. Consequently, cash will only lose value, so it is better to get your shopping out of the way and stock up on things that probably won’t lose value. For consumers, that means filling up gas tanks, stuffing food in the freezer, buying shoes in the next size up for kids, and so on. For businesses, it means making capital investments such as purchasing gold and other precious metals. In conclusion, the dramatic increase of price due to inflation having led to a plunge of money which in turn has brought about some important effects on not only the economy but also society. Therefore, reducing inflation is a tough challenge for not only economists, but the government as well.
You use this word too often, consider replacing it with
Inflation
, an economic plague, is one of the most talked-about words in contemporary society.
You use this word too often, consider replacing it with
Inflation
may
be defined
as “a persistent and appreciable rise in the general level or average of
You use this word too often, consider replacing it with
prices”
. What are factors leading to
You use this word too often, consider replacing it with
inflation
and what are its effects on the
You use this word too often, consider replacing it with
economy
or society? This essay will give insight into these issues.

There are various factors that can drive
You use this word too often, consider replacing it with
prices
or
You use this word too often, consider replacing it with
inflation
in an
You use this word too often, consider replacing it with
economy
.
Typically
,
You use this word too often, consider replacing it with
inflation
results from an
You use this word too often, consider replacing it with
increase
in
You use this word too often, consider replacing it with
production
You use this word too often, consider replacing it with
costs
or an
You use this word too often, consider replacing it with
increase
in
You use this word too often, consider replacing it with
demand
for products and services.
Indeed
, Cost-push
You use this word too often, consider replacing it with
inflation
occurs when
You use this word too often, consider replacing it with
prices
You use this word too often, consider replacing it with
increase
due to
You use this word too often, consider replacing it with
increases
in
You use this word too often, consider replacing it with
production
You use this word too often, consider replacing it with
costs
, such as raw materials and wages. The
You use this word too often, consider replacing it with
demand
for
You use this word too often, consider replacing it with
goods
is unchanged
while the supply of
You use this word too often, consider replacing it with
goods
declines due to the higher
You use this word too often, consider replacing it with
costs
of
You use this word too often, consider replacing it with
production
.
As a result
, the
This phrase/word (depending on the context) can be potentially replaced with :
added
You use this word too often, consider replacing it with
costs
of
You use this word too often, consider replacing it with
production
are passed
onto consumers in the form of higher
You use this word too often, consider replacing it with
prices
for the finished
This phrase/word (depending on the context) can be potentially replaced with :
goods
.

Another reason for
You use this word too often, consider replacing it with
inflation
is demand-pull
You use this word too often, consider replacing it with
inflation
which can
be caused
by strong consumer
You use this word too often, consider replacing it with
demand
for a product or service. There is no doubt that when there’s a surge in
You use this word too often, consider replacing it with
demand
for a wide breadth of
You use this word too often, consider replacing it with
goods
across an
You use this word too often, consider replacing it with
economy
, their
You use this word too often, consider replacing it with
prices
tend to
You use this word too often, consider replacing it with
increase
. While this is not
This phrase/word is too simple and can be replaced with:
often
a concern for short-term imbalances of supply and
You use this word too often, consider replacing it with
demand
, sustained
You use this word too often, consider replacing it with
demand
can impact on the
You use this word too often, consider replacing it with
economy
and raise
You use this word too often, consider replacing it with
costs
for
You use this word too often, consider replacing it with
other
You use this word too often, consider replacing it with
goods
leading to demand-pull inflation.

To
This phrase/word is too simple and can be replaced with:
some
,
You use this word too often, consider replacing it with
inflation
signifies a struggling
You use this word too often, consider replacing it with
economy
, whereas others
This phrase/word (depending on the context) can be potentially replaced with :
see
it as a
This phrase/word (depending on the context) can be potentially replaced with :
sign
of a prospering
You use this word too often, consider replacing it with
economy
. Here, we examine
If the text is a generality, 'of the' is not necessary. Did you mean "some"?
some of the
major effects of inflation.

One of the terrible results of
You use this word too often, consider replacing it with
inflation
is that the
You use this word too often, consider replacing it with
cost
of
You use this word too often, consider replacing it with
goods
and services rises, the buying power of currency falls. Venezuela is a
This phrase/word is too simple and can be replaced with:
famous
country
This phrase/word is too simple and can be replaced with:
because
of not
You use this word too often, consider replacing it with
only
This phrase/word is too simple and can be replaced with:
a lot of
This phrase/word (depending on the context) can be potentially replaced with :
Beautiful
Miss World
This phrase/word is too simple and can be replaced with:
but
also
You use this word too often, consider replacing it with
inflation
. In there, a cup of coffee
This phrase/word (depending on the context) can be potentially replaced with :
now
You use this word too often, consider replacing it with
costs
a million bucks.
This phrase/word (depending on the context) can be potentially replaced with :
People
living Venezuela
currently
should pay a box of money for everyday
You use this word too often, consider replacing it with
goods
such as one kilogram of corn flour, a toilet paper roll or a loaf of bread.

On the
You use this word too often, consider replacing it with
other
hand,
You use this word too often, consider replacing it with
inflation
also
encourages spending and investing. A predictable response to declining purchasing power is to
This phrase/word (depending on the context) can be potentially replaced with :
buy
This phrase/word (depending on the context) can be potentially replaced with :
now
,
rather
than later.
Consequently
, cash will
You use this word too often, consider replacing it with
only
lose value,
This phrase/word is too simple and can be replaced with:
so
it is better to
This phrase/word (depending on the context) can be potentially replaced with :
get
your shopping out of the way and stock up on things that
probably
won’t lose value. For consumers, that means filling up gas tanks, stuffing food in the freezer, buying shoes in the
next
size up for kids, and
This phrase/word is too simple and can be replaced with:
so
on. For businesses, it means making capital investments such as purchasing gold and
You use this word too often, consider replacing it with
other
precious metals.

In conclusion
, the dramatic
You use this word too often, consider replacing it with
increase
of
You use this word too often, consider replacing it with
price
due to
You use this word too often, consider replacing it with
inflation
having led to a plunge of money which in turn has brought about
This phrase/word is too simple and can be replaced with:
some
This phrase/word is too simple and can be replaced with:
important
effects on not
You use this word too often, consider replacing it with
only
the
You use this word too often, consider replacing it with
economy
This phrase/word is too simple and can be replaced with:
but
also
society.
Therefore
, reducing
You use this word too often, consider replacing it with
inflation
is a tough challenge for not
You use this word too often, consider replacing it with
only
economists,
This phrase/word is too simple and can be replaced with:
but
the
This phrase/word (depending on the context) can be potentially replaced with :
government
as well
.
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IELTS essay what are causes effects of inflation

Essay
  American English
7 paragraphs
473 words
6.0
Overall Band Score
Coherence and Cohesion: 5.0
  • Structure your answers in logical paragraphs
  • ?
    One main idea per paragraph
  • Include an introduction and conclusion
  • Support main points with an explanation and then an example
  • Use cohesive linking words accurately and appropriately
  • Vary your linking phrases using synonyms
Lexical Resource: 5.5
  • Try to vary your vocabulary using accurate synonyms
  • Use less common question specific words that accurately convey meaning
  • Check your work for spelling and word formation mistakes
Grammatical Range: 6.5
  • Use a variety of complex and simple sentences
  • Check your writing for errors
Task Achievement: 6.0
  • Answer all parts of the question
  • ?
    Present relevant ideas
  • Fully explain these ideas
  • Support ideas with relevant, specific examples
Labels Descriptions
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    Currently is not available
  • Meet the criteria
  • Doesn't meet the criteria
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