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Quick answer Price stability means low and predictable inflation rather than zero price changes. Inflation is usually measured by a consumer price index, and can arise from excess demand, rising costs or imported price shocks. Key ideas at a glance Inflation type Main cause Typical consequence Demand-pull Aggregate demand rises faster than productive capacity Higher general price level and possible output pressure Cost-push Input costs, taxes or exchange-rate effects raise co

Explain the causes of globalisation, from lower trade barriers and transport costs to technology and multinational firms, with benefits, costs and exam examples.

Learn how market, command, and mixed economies allocate resources. Essential study guide for A-Level, IB, and IGCSE Economics students.