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COST-PUSH FACTORS Refers to the costs a business has to meet, such as wages and raw materials. This costs will often pass to the consumer in the price of the product. FACTORS OF PRODUCTION : land, labour, capital &enterprise. | DEMAND- PULL INFLATION Occurs when rising demand pushes up to price of goods. This happens when people have more to spend. | ISSUE OF MONEY Printing money, more money circulating. |
COST-PUSH FACTORS
Refers to the costs a business has to meet, such as wages and raw materials. This costs will often pass to the consumer in the price of the product.
FACTORS OF PRODUCTION : land, labour, capital &enterprise.
DEMAND- PULL INFLATION
Occurs when rising demand pushes up to price of goods. This happens when people have more to spend.
ISSUE OF MONEY
Printing money, more money circulating.
