Business A-Level
Inflation
What Inflation means in Business A-Level, as defined for AQA.
Definition of Inflation
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Read the wording for your board, then hide it and explain Inflation in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
It raises business costs such as materials and wages and erodes consumer purchasing power, forcing price reviews.
Topics that use Inflation
- Analysing the external environment to assess opportunities and threats: economic change (AQA A-Level)
Related terms
Using Inflation in the exam
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