The Two Factors Of Commodities:
- Use-value
- Exchange-value
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Learn about the two aspects of commodities.
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Definition hyper-inflation
Hyperinflation is generally considered to occur when inflation is greater than 1000%.
With hyperinflation, money loses its value so rapidly that nobody wants to use it as a medium of exchange.
Nothing is more useful than water: but it will scarcely purchase anything.
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