What is the Difference between Demand-Pull Inflation and Cost-Push Inflation ?

demand-Pull Inflation and Cost-Push Inflation

Meaning of Inflation 💹 Definition: Increase in the average price level of goods and services over time. Measured by percentage change in prices from one year to the next. Types of Inflation: Demand-Pull Inflation: Caused by excess demand for goods and services. Occurs when demand outstrips supply. Cost-Push Inflation: Caused by rising production costs. Result … Read more