INFLATION AND DEFLATION
Inflation simply means increase in the price of goods and services, and deflation means fall in the price of goods and services.
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Where as in deflation,the demand is low for the goods and services, so in order to make the customer buying the goods, the supplier reduces the price. Here customer gets an upper hand as he benefits from the relatively cheaper goods.
So extreme of anything (be it inflation or deflation) is bad for the country's economy and the government needs to strike a balance between the 2 sides so that it's beneficial for all.
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