Inflation, is the simple answer. But what causes this? Why couldn’t society just keep on keeping on with prices? Examples, a $0.25 for a candy bar, $0.75 for a fast food burger, $30k for a home etc. It worked then, so why not now, why not just agree to lower the prices of everything?
In: Economics
Also 1960 there were 179 million Americans vs 330 Million in 2020.
Economics of scale just mean there is more $$ out there in circulation because the increase of participants.
Latest Answers