Sixth Day, Economy (Mar12 14:18)
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by JmanTizzle
Pic of the Day: Um, the picture explains itself.
Hello fellow citizens, I have recently read about eUSA's economy (INFO-COUNTRY STATS-ECONOMY) and noticed something. I noticed that our inflation/deflation is -0.39%. I looked up what inflation on dictionary.reference.com and this is what I found.
"Economics. a persistent, substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency (opposed to deflation)"
So, I propose that the price of items is going down. I think it is bad for the economy.
LOW PRICES + MANY BUYERS = BAD ECONOMY
I think that our economy is getting worse and that we will hopefully get better pay and wages in the future.
Sincerely,
JmanTizzle
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Comments
Um, that's "deflation", look that up Jman.
Not good for economy, actually. Low prices means low wages, and workers with less money to spend, which means they buy less, which means companies can't sell much, which means they produce less, which means they need even fewer workers, which drives down prices even further, and it goes on and on.
A good economy actually has minimum inflation, somewhere between 2 and 3% is good.
The picture is great! A 5 on the Booglie scale, I say. Those guys must've said "Ouch!" as they hit their heads on impact!