Why can’t the government just set a concrete price for everything (Rent, groceries, etc) and forbid it from ever changing? That would prevent inflation from ever happening, right?
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Price of many things depend on demand and supply . And everyone can understand that demand and supply are not constant throughout a given period of time which leads to fluctuations in price of a given item or commodity + the chnage in price of one commodity can trigger a chain reaction which affects the price of multiple items . For example lack of wheat crop can cause a rise in its price which will cause the price of flour to rise due to which the price of bread , cake , biscuit and all sort of products using wheat as an ingredient will rise . And since the price of wheat has increased people will demand more salary as they would want more money to make the ends meet for thier family which in return would lead to rise in price of labour cost and them again it will start affecting price of different items . So you cant control everything. There are limitations and conciquences to every action that one takes including governments.
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Well if you read this answer you got a quick summary of how basic economics works .
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Congratulations 🎉👏
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