Inflation - A Commerce Journey - Part 2 - Ep5
Inflation Continuation of Inflation P-1 In the last episode, we discussed inflation, Its causes, some examples and a survey conducted. We dropped off at the question of how extensively people have studied inflation, discussed the age groups, asked if they had heard about inflation, and also asked them to give a short explanation in their own words of what they think inflation is. This Episode will cover the rest of the survey questions and responses. To start off - We asked the people whether they saw an increase in the prices of goods and services, which is common when inflation is at play. A surprising 95% of the crowd said yes! The crowd is rather observant regarding prices as seen by the responses, This is visible in various things, whether in real life or not. For example; This item started off for 200 Million coins due to its rarity but over time the price has climbed and climbed, prices reaching over 800 Million which is over 4 times the starting price, all of this is due to exc...