Inflation and Material Control

Osborn, Frank

doi:10.1007/978-1-349-16342-7_10

Frank Osborn F.C.M.A., M.B.I.M.²

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Abstract

Basically, inflation refers to the falling value of money and its outward characteristic is a general increase in the prices of all goods and services. It is fundamentally caused by an undue increase in the quantity of money in proportion to wealth produced, or the amount of money in circulation in relation to the goods or wealth created.

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Department of Accountancy and Finance, City of Birmingham Polytechnic, UK
Frank Osborn F.C.M.A., M.B.I.M.

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Frank Osborn F.C.M.A., M.B.I.M.
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Osborn, F. (1980). Inflation and Material Control. In: Costing and Control for Materials. Palgrave, London. https://doi.org/10.1007/978-1-349-16342-7_10

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DOI: https://doi.org/10.1007/978-1-349-16342-7_10
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-25745-6
Online ISBN: 978-1-349-16342-7
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