Inflation - A Commerce Journey - Ep-4
Inflation What is inflation? When does it apply?, what are its uses?, Is it bad or good?... These are just some of the questions that may come to mind when we talk about inflation, inflation is a general increase in prices and fall in the purchasing power of money, it is one of the MOST crucial things to keep in mind when studying or controlling an economy, inflation when uncontrollable is called hyper-inflation. This is extremely bad as it causes the value of items to skyrocket and the value of money to fall, this means that the amount of money you make is now worth less than what it was before the incident. In hypixel skyblock hyperinflation is the most pressing issue in the economy at the moment, it can be seen by studying just a few graphs. For example, item A's price in 2022 was 35 million coins, now worth 290 million. This shows that inflation in the hypixel skyblock economy is out of hand. Real-life inflation can also get out of hand, and it already has! For example: The Ira...