Business A-Level
Inflation
What Inflation means in Business A-Level, as defined for Pearson Edexcel.
Definition of Inflation
The general increase in the price level of goods and services in an economy over time.
Topics that use Inflation
- External influences (Pearson Edexcel A-Level)
Related terms
Using Inflation in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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