Multinationals in particular hiked prices far above rise in costs to deliver an outsize impact on cost of living crisis, report concludes

  • @NatakuNox
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    01 year ago

    No… Well not in a detailed way and ignores greed. So which would your definition go under demand-pull inflation, cost-push inflation, or built-in inflation.

    • @[email protected]
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      fedilink
      11 year ago

      “Ignores greed”

      Greed is always a factor though, this isn’t a new variable to account for. All three categories you provided have a profit motive as the core factor, it’s simply in different layers.

      A real example of inflation that isn’t tied to an individuals desire to maximise their benefits from a transaction would be something like extracting an ore than becomes harder as the rich deposits are used up.

    • @SCB
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      11 year ago

      Greed is an aspect of any inflation because inflation is explicitly tied to demand.

      It’s silly to try to moralize economic concepts.