Introduction To Inflation | Grade 12 Economics Video Essay | Exam Revision Notes | NSC IEB

Inflation refers to the sustained increase in the general price level of goods and services in an economy over a period of time. It means that, on average, the prices of goods and services are rising, and the purchasing power of a unit of currency is decreasing.

This Video Essay covers the subject of Economics by discussing Inflation:
What is Inflation?
Different Types of Inflation.
Causes of Inflation.
Consequences of Inflation.
Measures to Combat Inflation.

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