Compare the above definitions of inflation. What do they have in common? How do they differ?

Inflation is understood as an imbalance between supply and demand (violation of the general equilibrium), manifested in the general rise in prices. But this does not mean that all prices rise during inflation. Prices for some goods may rise, while others may remain stable; the prices of some goods can rise faster than others. These proportions are based on different supply-demand ratios and different elasticities. Inflation can be defined as “a continuous overall rise in prices.”

Remember: The process of learning a person lasts a lifetime. The value of the same knowledge for different people may be different, it is determined by their individual characteristics and needs. Therefore, knowledge is always needed at any age and position.