Based on cost of inflation, Agree or disagree with this post and why When prices rise, buyers
Question:
Based on cost of inflation, Agree or disagree with this post and why
When prices rise, buyers pay more for the things they want. On the other hand, the sellers are getting more money for the things they sell. Many people earn money by selling their services whether its labor or goods. Their rise in income from the inflation evens out with the inflation of prices when they buy things. You also have menu costs, the cost of changing the prices because of the inflation. Shoe leather costs are the resources wasted when inflation encourages people to reduce their money holding. Taking so many trips to the bank to get money can be a hassle. Taxes can become problematic because the tax codes don’t take into account changes in inflation which when selling your stock. I think the tax code would be the most important because it can affect your investments and savings.
Understanding Business Ethics
ISBN: 9781506303239
3rd Edition
Authors: Peter A. Stanwick, Sarah D. Stanwick