INFLATION - A CURSE FOR INDIA?
I rise, I fall,
My silence says it all,
I make Bill Clinton, Tata, And Ambani,
My Value portrays the picture of all economy.
As long as u live, I shall be your earnest love,
No matter what kind of ruling..i shall be the dictator of all.
U have enough of me, or can’t have enough of me-
I am money- the greatest thing you want.
I, Aanchal Bhatia, present to you, INFLATION- The Rise And The Rise, and oh yes, the rise of Money!
Inflation basically is a rise in the general level of prices of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation also reflects erosion in the purchasing power of money – a loss of real value in the internal medium of exchange and unit of account in the economy.
Inflation hits the common man first as it hikes the price of general commodities that necessitates the survival in his day-to-day life. Common Man in these troubled times is as they say “Born free, taxed to death”
In simpler words, inflation is when a movie ticket for your grandfather was for Rs 0.5 but the same sets you back by 200 bucks!
Or like my father says, Inflation is when you pay fifteen rupees for the ten-rupee haircut you used to get for five rupees when you had hair.
Or to relate to today’s generation; it is the decrease in the pleasure of consuming one unit of Kwality Wall’s Orange Bar over the last decade.
YES, u r right. INFLATION IS TO BE BLAMMED FOR ALL OF THE ABOVE. And Many More.
When the increase of a particular thing causes the value of its individual units to go down relative to other things This is inflation, when bright students and average students both get 90%'s, being an 91% ter student no longer sets one apart from the crowd. As the 90% appears in more and more report cards, its value diminishes.
Inflation may be compared to a robber; only difference being that inflation is the invisible...