Inflation

Inflation

An increase in the general level of prices

Purchasing power

The ability of money to buy goods and services

Supply

The amount of goods and services available to buy 

Demand

The amount of a product or service that people want to buy

Supply chain

A series of businesses and processes involved in making and delivering a product

Production costs

The expenses involved in producing goods or services 

Wages

The money people receive for their work

Interest rates

The percentage charged for borrowing money or paid for saving it