Some causes of inflation and ways to comtrol inflation
What are some causes of inflation and ways to comtrol inflation?
Sample Solution
General Examples Based on ERP Implementation
Projects
- ERP Module Implementation: Implementing a specific module like Finance, HR, or Supply Chain.
- Data Migration: Transferring data from legacy systems to the new ERP system.
- System Integration: Integrating the ERP system with other enterprise applications.
Full Answer Section
Inflation is the general increase in prices of goods and services over time. It erodes the purchasing power of currency. Here are some common causes of inflation:- Demand-pull inflation: This occurs when there is an excessive demand for goods and services relative to supply. This can happen due to increased government spending, consumer spending, or investment.
- Cost-push inflation: This happens when the cost of production increases, leading to higher prices for goods and services. This can be caused by factors such as rising wages, increased raw material costs, or higher taxes