Inflation and Material Control

  • Frank Osborn
Chapter

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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Copyright information

© Frank Osborn 1980

Authors and Affiliations

  • Frank Osborn
    • 1
  1. 1.Department of Accountancy and FinanceCity of Birmingham PolytechnicUK

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