Inflation
Inflation is the amount by which prices increase over time.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Inflation. The amount by which prices increase over time.
According to Principles of Economics by Timothy Taylor (3rd edition),
- Inflation. A general and ongoing rise in the level of prices in an economy.
According to Macroeconomics by Mankiw (7th edition),
- Inflation. An increase in the overall level of prices. (Cf. deflation, disinflation.)
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
