Inflation
... represents the rise of prices over time.
The average price for a cinema ticket is around $10 right now. How much was it back in the 50s? About 50 cents.
The story goes a little deeper than this, but one thing to remeber is that governments usually target an yearly inflation rate of about 2%. It may seem counter-intuitive to target price increases, but on a large scale, these have been deemed to drive the economy.
2
12 reads
CURATED FROM
IDEAS CURATED BY
🔥 Building @deepstash 🧬 Interested in tech, science, philosophy, marketing, business, health. Lifelong learner.
The idea is part of this collection:
Learn more about economics with this collection
How to make rational decisions
The role of biases in decision-making
The impact of social norms on decision-making
Related collections
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates