1. Inflation
... gum, that same pack will cost you one dollar and fifty cents. This is a cause of many things. To start the largest influence on why inflation occurs is the economic situation of a country. If a country needs more money spent on its resources or services one way of accomplishing this is to raise the minimum wage. By raising minimum wage lower income ... cost of goods and services. Since the manufacturer of goods and services now has to pay it's employees" larger wages it has to account for that spending by raising prices. In the end an equal balance almost occurs however more money is be...
- Word Count: 218
- Approx Pages: 1
- Grade Level: High School