Greedflation
Recently, Greedflation is in the news due to increasing inflation in India and around the world.
- Greedflation is a term that describes a situation where inflation is driven by excessive greed and speculation rather than by supply and demand factors.
- It occurs when investors, consumers and businesses expect prices to rise continuously and act accordingly, creating a self-fulfilling prophecy.
- It leads to higher inflationary pressures, financial strain on individuals, and reduced purchasing power. It undermines trust in businesses, distorts market dynamics, and hampers economic stability and growth.
|
Q43. What term describes a situation where inflation is driven by excessive .... |
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Current Affairs
- 1 Right to Change Name
- 2 Prevention of Damage to Public Property
- 3 Jan Vishwas (Amendment of Provisions) Act 2023
- 4 Rule 176 vs. Rule 267 of Rajya Sabha
- 5 Digital India Land Records Modernization Programme (DILRMP)
- 6 Right to Silence
- 7 Vibrant Villages Programme
- 8 Bribery Not Protected by Parliamentary Privileges: SC
- 9 SC Directions for Effective Implementation of POSH Act, 2013
- 10 e-Court Phase III
