Question and answer
Definiton of inflation
Inflation - A general increase in prices and fall in the purchasing value of money.
eikcid|Points 1344|
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Asked 9/27/2012 5:12:14 PM
Updated 12/11/2014 9:57:06 AM
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This answer has been confirmed as correct and helpful.
Edited by selymi [12/11/2014 9:57:04 AM], Confirmed by selymi [12/11/2014 9:57:06 AM]
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An incentive is something that motivates an individual to perform an action.
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In economic theory, perfect competition describes markets such that no participants are large enough to have the market power to set the price of a homogeneous product.
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