A continuous rise in the price level is called [#1660]

Inflation refers to a sustained increase in the general price level of goods and services in an economy over time. This means that, on average, things cost more today than they did in the past. Stagflation is an economic situation where there is high inflation, slow economic growth, and high unemployment. Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy. Hyperinflation is a rapid and extreme increase in the price of goods and services, which causes the value of a local currency to quickly erode.

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Inflation refers to a sustained increase in the general price level of goods and services in an economy over time. This means that, on average, things cost more today than they did in the past. Stagflation is an economic situation where there is high inflation, slow economic growth, and high unemployment. Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy. Hyperinflation is a rapid and extreme increase in the price of goods and services, which causes the value of a local currency to quickly erode.

Alfred Marshall (1842-1924) is the author of Principles of Economics, which was first published in 1890. Marshall was a British economist and a founder of the "neoclassical" school of economics. The book is considered to be Marshall's most influential work.

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Alfred Marshall (1842-1924) is the author of Principles of Economics, which was first published in 1890. Marshall was a British economist and a founder of the "neoclassical" school of economics. The book is considered to be Marshall's most influential work.

Mixed Economy. Both private and govt sector exists.

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Mixed Economy. Both private and govt sector exists.

Adam Smith is considered the father of modern economics. The 18th-century Scottish economist, philosopher, and author is credited with giving economics a well-defined shape as a new discipline. Smith is known for arguing against mercantilism and being a major proponent of laissez-faire economic policies. He believed that the government should not interfere with the economy, and that free-market issues would fix themselves. Smith also believed that individual decisions, driven by self-interest, collectively guide the market to optimal equilibrium.

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Adam Smith is considered the father of modern economics. The 18th-century Scottish economist, philosopher, and author is credited with giving economics a well-defined shape as a new discipline. Smith is known for arguing against mercantilism and being a major proponent of laissez-faire economic policies. He believed that the government should not interfere with the economy, and that free-market issues would fix themselves. Smith also believed that individual decisions, driven by self-interest, collectively guide the market to optimal equilibrium.

Adam Smith

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Adam Smith

Securities and Exchange Board of India

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Securities and Exchange Board of India

Rise in general price index

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Rise in general price index

Assam is world-famous for its tea production, and tea is the state's most significant export commodity. Assam tea, known for its strong and malty flavor, is exported globally, contributing substantially to the state's economy. While other commodities like oil, jute, timber, and silk are also produced and exported from Assam, tea remains the dominant export.

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Assam is world-famous for its tea production, and tea is the state's most significant export commodity. Assam tea, known for its strong and malty flavor, is exported globally, contributing substantially to the state's economy. While other commodities like oil, jute, timber, and silk are also produced and exported from Assam, tea remains the dominant export.

The first bank in Assam is The Gauhati Bank Ltd, which was incorporated on June 18, 1926.

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The first bank in Assam is The Gauhati Bank Ltd, which was incorporated on June 18, 1926.

Microeconomics

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Microeconomics

Economics is the social science that studies the production, distribution, and consumption of goods and services, including wealth. Economics is divided into two classes, microeconomics and macroeconomics, and it directly affects everyday life. Economics is primarily concerned with analyzing the choices that individuals, businesses, governments, and nations make to allocate limited resources. Economic models emerged from the broader field of political economy in the late 19th century.

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Economics is the social science that studies the production, distribution, and consumption of goods and services, including wealth. Economics is divided into two classes, microeconomics and macroeconomics, and it directly affects everyday life. Economics is primarily concerned with analyzing the choices that individuals, businesses, governments, and nations make to allocate limited resources. Economic models emerged from the broader field of political economy in the late 19th century.