How much is a mnai?

PC Mode

WarpGhost 12:09 11-02-2009

Originally Posted by Scipio Germanicus:
Oh boy. This'll be fun.

Basically, inflation is when your money becomes so abundant that it is worth less. It is often the result of economic growth. If a business is successful, it puts more money into an economy. Over time, money becomes easier to come by, making it worth less a la supply-and-demand. Since it is worth less, it takes more money to buy things. A piece of bubble gum that costs $.05 in 1945 would cost $.60 today because the dollar is worth less.

Awesome! Thanks. Here's the promised balloon:

In the UK, the emphasis is on Business Studies in high school, not Economics (you had to go into higher education to start learning that); so I understand stuff like supply & demand very well. As crazy as it sounds, I honestly dont remember (it has been a while) us ever being taught stuff like interest and inflation; if we did, they certinly didnt put much time and effort into them (Return On Capital Employed, OTOH...

). I've tried to understand them on my own time (admittedly not that much effort put in), but I just havent been able to get them explained at the most fundemental level; without that, the rest of the words they throw around dont mean much, so it tends to be confusing babble. Obviously, thats at an end now

Single Sign On provided by vBSSO