Financial experts are in the best position to understand economic terms. However, even laymen ought to be aware of a few important economic terms. These are the kinds of economic terms that can impact their financial decisions. Some of these include inflation, deflation, asset, liability, income, market monopoly, and interest rates. For instance, a good […]
It is not possible for companies to hide inflation without charging more, as inflation refers to the overall increase in the prices of goods and services over time. However, companies can take measures to minimize the appearance of price increases, such as reducing the size or quantity of products while keeping the price the same […]
Do you know that big companies have started a new mind game to sell their items? This mind game is called shrinkflation. Shrinkflation (shrinking the inflation), is a way of minimizing the effects of inflation. Unlike inflation where companies increase the cost of items; brands and manufacturers lessen the consumable items by a small margin […]