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.

Black money is income that is not declared by a person or group of people in a country. It is also known as "illegitimate" because it is not recognized for tax declaration.

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Black money is income that is not declared by a person or group of people in a country. It is also known as "illegitimate" because it is not recognized for tax declaration.

Microeconomics

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Microeconomics

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.

Adam Smith

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Adam Smith

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 Indus Valley Civilization was Non-Aryan because it was Urban. Harappan Civilization is also known as The Indus Valley Civilisation. It was a Bronze Age civilisation mainly in the northwestern regions of South Asia, extending from what today is northeast Afghanistan to Pakistan and northwest India.

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The Indus Valley Civilization was Non-Aryan because it was Urban. Harappan Civilization is also known as The Indus Valley Civilisation. It was a Bronze Age civilisation mainly in the northwestern regions of South Asia, extending from what today is northeast Afghanistan to Pakistan and northwest India.

The major crop cultivated in the Brahmaputra Valley of Assam is rice (paddy).

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The major crop cultivated in the Brahmaputra Valley of Assam is rice (paddy).

Amartya Sen is the only Indian economist to win the Nobel Memorial Prize in Economic Sciences, which he received in 1998. Sen is known for his work on welfare economics, social choice theory, and development economics. He is also known for his interest in the problems of society's poorest members and his work on the causes of famine.

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Amartya Sen is the only Indian economist to win the Nobel Memorial Prize in Economic Sciences, which he received in 1998. Sen is known for his work on welfare economics, social choice theory, and development economics. He is also known for his interest in the problems of society's poorest members and his work on the causes of famine.

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.

Agriculture is the dominant sector in Assam's economy, employing a large portion of the workforce and contributing significantly to the state's revenue. The state is particularly famous for its tea production, but also cultivates rice, jute, sugarcane, oilseeds, and various fruits and vegetables. A large percentage of Assam's rural population relies on agriculture for their livelihoods. While other sectors are growing, agriculture remains the backbone of the state's economy.

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Agriculture is the dominant sector in Assam's economy, employing a large portion of the workforce and contributing significantly to the state's revenue. The state is particularly famous for its tea production, but also cultivates rice, jute, sugarcane, oilseeds, and various fruits and vegetables. A large percentage of Assam's rural population relies on agriculture for their livelihoods. While other sectors are growing, agriculture remains the backbone of the state's economy.