Poverty does not come from a decrease in wealth, but from an increase of desires.
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Or what is whealth?
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Cost-push inflation is the decrease in the aggregate supple of goods and services stemming from an increase in the cost of production.
An increase in the costs of raw materials or labor can contribute to cost-pull inflation.
This seems like unbeatable, but history has had wealthier people during the times when it was hard to measure the amount of wealth a person had.
Just having gold bricks and calculating their dollar value does not provide an accurate reading of wealth in ancient times, when currency didn’t ...
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