Difference between revisions of "Agflation"
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(New page: In economics, agflation is a term believed to have originated during the worldwide Food Crisis of 2008. The term is a portmanteau word formed by combining the words "agriculture" and "infl...) |
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In economics, agflation is a term believed to have originated during the worldwide Food Crisis of 2008. The term is a portmanteau word formed by combining the words "agriculture" and "inflation," and describes a general rise in prices that is caused by rising production costs for agricultural goods. Agflation is a type of cost-push inflation, or increase in the price level that is caused by an exogenous supply shock (sudden or dramatic reduction in the production capacity of producers or firms). | In economics, agflation is a term believed to have originated during the worldwide Food Crisis of 2008. The term is a portmanteau word formed by combining the words "agriculture" and "inflation," and describes a general rise in prices that is caused by rising production costs for agricultural goods. Agflation is a type of cost-push inflation, or increase in the price level that is caused by an exogenous supply shock (sudden or dramatic reduction in the production capacity of producers or firms). | ||
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Revision as of 00:40, February 4, 2009
In economics, agflation is a term believed to have originated during the worldwide Food Crisis of 2008. The term is a portmanteau word formed by combining the words "agriculture" and "inflation," and describes a general rise in prices that is caused by rising production costs for agricultural goods. Agflation is a type of cost-push inflation, or increase in the price level that is caused by an exogenous supply shock (sudden or dramatic reduction in the production capacity of producers or firms).