In this video, we discuss all about Hyperinflation, its causes, examples signs and possible solutions.
What is Hyperinflation ?
Hyperinflation denotes a situation where the prices of all goods and services rapidly increase over a brief period. It is inflation occurring at a rapid stage of more than 50% per month.
Hyperinflation causes
– Increase in money supply by the government.
– Increase in demand for the products.
– Less production in economy.
– Poor government policies.
– Poor price controls.
– Corruption.
– Currency devaluation.
– Deficit government spending.
Signs of Hyperinflation
– Increased high national debt
– Decline in economic output and export earnings.
– Prices rise dramatically in a quick period
– lack of confidence in the government
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