Inflation Is Destroying Economy And Businesses

[Hrtbeat]

Inflation is caused by the failure of aggregate supply to equal the increase in aggregate demand. Inflation can, therefore, be controlled by increasing the supplies of goods and services and reducing money incomes in order to control aggregate demand.

 

[Good-Person]

IN the situation like these, the government should create more jobs by establishing industries. The government should also gave low interest loans so that people can create business and start earning.

Well, the government of my country is not even making policies where they tend to decrease or remove taxes. How can we expect them to create jobs and employment opportunities?

 

[Bookwormlux1]

Inflation is all over the world and the Corona virus pandemic made it to be more worse than it ought to be. The best thing is to seek out opportunities even in this situation as we still have enough opportunities to utilize.

 

[Alexandoy]

I am not an economist but I know that inflation is due to a bad economy. When there is inflation the prices of goods and services continue to rise day by day and you get scared that money may be losing its total value. That happened in our country sometime in 1983 when importation was stopped due to the high inflation.

 

[Smiles20]

It can be very annoying whenever the money that you kept in your bank has reduced in value due to inflation. The most surprising thing is that sometimes you cannot do so much in order to prevent it.

 

[Sotherefore]

It can be very annoying whenever the money that you kept in your bank has reduced in value due to inflation. The most surprising thing is that sometimes you cannot do so much in order to prevent it.

It is the government who could have prevented this but they do not really care about how the economy of our country is reducing.. even with this the president in Aso rock will still go ahead to borrow money to do things that does not even favour the citizen of our country. This is so annoying.

 

[Shaffy]

Only to countries that are not capable of maintaining the value of their currency, a country like the UK has one of the best economy in the world and their currency is the most valuable, this will depend on how they are managing the economy of their country.

That's the key to managing inflation. A proper, unbiased and accountable system of adminstration especially money. It also helps if the citizens help the government towards achieving this.

 

[Grandeur]

True, inflation is affecting business and many other things in the economy but if we're being practical there would always be inflation, it can only be reduced because the government won't stop printing money the only thing we can do is make income higher than inflation.

 

[Heatman]

I live in a country where inflation is very high. The big problem is the fact that people do not have a good source of income and the rate of poverty is insanely high. There are many people in here who hardly earn $3-4 per day and it is just not possible to survive in such kind of economical conditions. I am sure that there are many other countries that are facing such kind of problems. So, how can we prevent inflation and save businesses? If we cannot prevent inflation, then how can we manage it in an efficient way?

It is really a bad thing that the government of so many countries are actually is allowing inflation to kill whatever good thing that their country holds because they actually have a way to end it but they don't care.

 

[jay]

You are quite right , during inflation , money and asset decreases sporadically and the prices reaches the Sun by rising to the top, and most of the people in the country are living in poverty.

In any economy where there is high inflation it is always very hard for investors to come in that country because they will not stand a chance of making good profit.

 

[Felixko]

During inflation, money and financial assets always reduces as price consent. Business also always affected inflation because the price of goods and services are always high and demand is always less due to the price.

 

[Bousine123]

The only way to reduce inflation is for government to regulate prices of goods and services in the market, engage in infrastructural development, provide jobs for the unemployed, support small businesses, provide adequate farm equipments to farmers and also to engage in mechanised agriculture.

 

[Ub40]

I totally agree with your analysis above, inflation is really on the high side with less money and hardship. There is a very high rise in the cost of almost all the items in the market but govt has not done anything to increase the salary of its workers. How do one now cope with this kind of situation?. God please have mercy on us.
I totally agree with your analysis above, inflation is really on the high side with less money and hardship. There is a very high rise in the cost of almost all the items in the market but govt has not done anything to increase the salary of its workers. How do one now cope with this kind of situation?. God please have mercy on us.

 

[Heatman]

Managing inflation is a challenge on its own. During inflation, companies cannot procure assets, production is decreased because the cost of items are skyrocketed. At such times, companies would reduce production.

Inflation is one of the biggest challenges that is facing the world today especially when it comes to business is because it makes everything very expensive to purchase thereby cutting down profit-making.

 

[jay]

Businesses are normally affected during inflation and it normally leaves people unemployed so to avoid this it's always better to have a plan B

When everything is becoming expensive as the day goes by and the money doesn't have much value it doesn't make business to be something that is interesting anymore.

 

[Sotherefore]

That's the key to managing inflation. A proper, unbiased and accountable system of adminstration especially money. It also helps if the citizens help the government towards achieving this.

Who will be accountable for this money ? Because to me everybody as long as you are working for the government is corrupt and there is no trusted person when it has to do with public fund, a lot of people will always mismanage it .

 

[Kunkun]

That's true and it's so sad too , bit curbing the influence of inflation is possible but with a good government, cutting down on importation would be a first step and improving on local production while making strong the local currency

 

[Heatman]

Managing inflation is a challenge on its own. During inflation, companies cannot procure assets, production is decreased because the cost of items are skyrocketed. At such times, companies would reduce production.

Once the government of our country are the ones behind whatever that is causing the inflation in the country it is always going to be very difficult for them to control it because the root of the problem is them.

 

[jay]

There are several ways to reduce inflation, one of those ways is to increase local production, cut back on importation. Increase foreign exchange and also keep the currency strong.

It is actually going to be very difficult for my country because majority of everything that we use in this country are imported from overseas which our local industry already dead.

 

[Shaffy]

Who will be accountable for this money ? Because to me everybody as long as you are working for the government is corrupt and there is no trusted person when it has to do with public fund, a lot of people will always mismanage it .

It will take a combined effort of selfless individuals working together. If as individuals, a large population of people also decide to do the right thing, especially traders who tend to inflate prices as they wish, it would be helpful too.