You should consider the elements of descriptive writing before you begin writing your descriptive essay about inflation. Our homework assist services help you broaden the reader’s imagination through the words you use. Give the reader a sensory experience through your descriptive essay about inflation. When it comes to the words you use, our homework assist experts enable you to use metaphors, similes and precise language. With our homework assist services, you will also be able to organize your ideas in your descriptive essay about inflation. Talk about the subject in a way that represents your true feelings. The significance of the subject is also important in a descriptive essay about inflation. You will achieve good descriptive writing with our homework assist services.
In our contemporary society, inflation is one of the most discussed issues. When the supply of money exceeds that of goods and services, inflation occurs. This causes the prices of goods and services to go up because they are limited. Another instance when inflation occurs is when there is a deficit in the budget. This means that more money is created to cover the deficit. However, in this case, the prices of goods and services do not go up. Therefore, inflation is defined as the otherwise increase in prices of goods or services compared to the average price. This increase is sustained over a period of time.
We encounter shortages in certain periods of time. For example, certain food products may not be doing well at a particular season causing a shortage in the market. That is why you may find yourself buying a tomato at a ridiculous price. The price will then be sustained for a while until the season changes. Once it does, the consumers are able to revert to the average price. For a firm producing goods, inflation may cause them to increase the salaries of workers. Harsh economic times demand a pay rise for the workers to be able to cope. For the firm to be able to afford to increase workers’ salaries, they need to increase the prices of their products.
The opposite of inflation is deflation. Deflation occurs when the prices on the market go down. However, achieving deflation is very hard. This is because; the moment a firm decides to reduce the salaries of its workers so that they can decrease the price of their products, the economy takes a hit. The gross domestic product of a country decreases substantially. If this decrease goes on for consecutive years, it results in a recession. Inflation occurs even in the strongest economies in the world such as the United States of America and China.
Not everybody in an economy is affected by inflation. The victims of inflation are mostly those that depend on a salary. Their salaries may not be able to expand to meet the high cost of living. The rich entrepreneurs, however, have the ability to stretch their finances to adapt to the high cost of living created by inflation. That is why the obvious solution considered for inflation is to increase people’s salaries. Decreasing their salaries in order to decrease their prices has serious long-term consequences for an economy such as a recession.
Inflation can be good or bad for an economy. Good in the sense that a country is able to look at the prices of products and adjust them accordingly. Bad in the sense that it may lead to the depreciation in the currency value resulting in low economic growth. Another effect of inflation is that it widens the gap between the poor and the rich. The poor find it hard supporting an expensive lifestyle and therefore fall back on their finances. Inflation also reduces consumer saving power in the sense that a high cost of living does not allow consumers to save more money.
Inflation can be controlled using monetary measures. This happens when the central bank of an economy controls the flow of money on the market. It controls the amount of credit any particular person can have. This helps to deal with the supply and demand issue. Fiscal measures can also reduce inflation. This is when the government cuts down taxes or controls expenditure.
In conclusion, inflation is not something an economy can do away with but rather cope with. It is up to the government to create policies that enable its citizens to cope with inflation. A high cost of living is not something that everybody can deal with hence economies need to do better.
The sample above from our homework assist experts will guide you in constructing your descriptive essay about inflation. Ensure that the reader not only pictures the subject but also understands it. Your descriptive essay about inflation should incorporate good descriptive writing. You can use our homework assist services for any further help you need.
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