Greedflation
Recently, Greedflation is in the news due to increasing inflation in India and around the world.
- Greedflation is a term that describes a situation where inflation is driven by excessive greed and speculation rather than by supply and demand factors.
- It occurs when investors, consumers and businesses expect prices to rise continuously and act accordingly, creating a self-fulfilling prophecy.
- It leads to higher inflationary pressures, financial strain on individuals, and reduced purchasing power. It undermines trust in businesses, distorts market dynamics, and hampers economic stability and growth.
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Q43. What term describes a situation where inflation is driven by excessive .... |
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