Inflation Is Destroying Economy And Businesses

[kayode10]

Inflation render the purchasing power of the people useless in any economy. Inflation and taxation has been the major Force which prevent a lot of people from achieving a financial freedom they are all dreaming about. It takes a good investment strategy to have power over inflation and taxation.

 

[Heatman]

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.

As far as I am concerned I believe that they're coming of my country Nigeria will never be the same as a result of her inflation have ruined everything that has to do with the currency of the nation.

 

[jay]

Business are affected too during inflation as the price of goods and services moves high and the profit is still fixed , there are not just 100% effective means to control inflation as a business man ,you just have to diversify your investment so you would be less affected

It becomes very frustrating when the government of a country will just stay idle and watch how inflation destroys the country's economy by making it a mockery in the world society.

 

[Sotherefore]

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.

Ok based on what I am seeing we are not ready to change at all , a lot of people are looking for an opportunity to accept bribery , and also at the same time some people are also interested to give bribe, with this then people are not ready to change at all.

 

[greenie]

Business are affected too during inflation as the price of goods and services moves high and the profit is still fixed , there are not just 100% effective means to control inflation as a business man ,you just have to diversify your investment so you would be less affected

 

[tyrim88]

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?

Inflation is a very serious issue that can affect the growth of any economy and the citizenry as well,and this is due to the over dependence on foreign importation of goods and services,huge movement of foreign exchange.One way to solve this issue is to be producing what you need at home.

 

[Sincerem]

In this region of the world inflation has really eaten deep into our society that it become really difficult to proffer solutions to the eminent problems of our society. A proper approach could be to provide more employment or the government provide a level playing field so that every can operate business and own companies to solve the problem of gross unemployment.

 

[Shigobad20201]

Inflation is a bad thing in the sense that it really affects the growth and the development of a particular country when the price of the products and market keeps increasing.

Business are affected too during inflation as the price of goods and services moves high and the profit is still fixed , there are not just 100% effective means to control inflation as a business man ,you just have to diversify your investment so you would be less affect

 

[Syldan]

Well, inflation, which is the raise and the fail in the value of goods and services making the economy unstable, has lead to the damage of most of the economy and the low level of human living in the society.

 

[Ononivami1]

One of the greatest enemy of the economy is inflation. The wellbeing of the economy is measured with the inflation rate. So, it's the primary duty of every government to fight inflation very tactically.

 

[Sotherefore]

One of the greatest enemy of the economy is inflation. The wellbeing of the economy is measured with the inflation rate. So, it's the primary duty of every government to fight inflation very tactically.

I don't know how this can affect most business because if the price of commodities is very high obviously business owner can increased the price for the masses , so how does it affect them there ?

 

[Bookwormlux1]

This seems to be a global information and people all over the country are complaining about it. The best thing for us to do is learn how to live with it because the government is failing in its responsibility.

 

[Ononivami1]

I don't know how this can affect most business because if the price of commodities is very high obviously business owner can increased the price for the masses , so how does it affect them there ?

Inflation is one of the greatest enemy of he economy. It could make the country bad in a such very bad manner. The Inflation rate is a measure of how good the economy of a country is.

 

[Sotherefore]

Inflation is one of the greatest enemy of he economy. It could make the country bad in a such very bad manner. The Inflation rate is a measure of how good the economy of a country is.

Unfortunately the government of our country is not doing anything or looking straight forward on how to stop the inflation because if it continues this way progressively there will be a time in which everything here will collapse.

 

[Ononivami1]

Unfortunately the government of our country is not doing anything or looking straight forward on how to stop the inflation because if it continues this way progressively there will be a time in which everything here will collapse.

There is no life changing policies. This is what we see on the economy of the country. The inflation rate is so high that you cannot tell the exact price of a commodity at a given point in time.

 

[Sanusi]

Yes inflation is destroying economy because as the price of a commodity begins to rise then money will loose its value which will inturn destroy the economy, because other sectors of the economy will find it hard to overcome.

 

[Sotherefore]

There is no life changing policies. This is what we see on the economy of the country. The inflation rate is so high that you cannot tell the exact price of a commodity at a given point in time.

Then who is really responsible for this ? Is it the government or the individual that is responsible for the inflation in the country because this is really too much. everything is completely unpredictable.

 

[Ononivami1]

Then who is really responsible for this ? Is it the government or the individual that is responsible for the inflation in the country because this is really too much. everything is completely unpredictable.

The fault is not from the individual, it's from the government because it is the government that is saddled with the responsibilities of controlling the inflation rate of the economy.

 

[Shigobad20201]

Inflation is destroying the economy and the business of the world , most commonly in Nigeria, where the price of the goods and products is getting higher daily

 

[Syldan]

Actually inflation has so much negative effect on most of the business in our society and even the economy at large. the instability in the price of goods and services makes alot of people lost the interest to invest.