What are the opposite words for Economic Inflation?
The opposite of economic inflation is known as deflation. Deflation is a decrease in the general price level; it is the opposite of inflation. It happens when there is a drop in the price of goods and services. The reasons for deflation can vary from a decrease in consumer demand worldwide to an increase in the supply of certain goods or services. Deflation could be harmful to an economy as it reduces consumer spending; companies lose money and are forced to cut jobs. The worst case would be a self-sustaining deflationary cycle, where every cut in spending caused by deflation leads to further deflation.
What are the antonyms for Economic inflation?
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Miseration
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Miseration, often associated with sadness and suffering, has several antonyms that convey positivity and happiness. One such antonym is joy, which is a feeling of great pleasure an...