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Whereas Piaget saw cognitive development as a result of individual discovery and a child's interaction with objects, Vygotsky attributed cognitive development to
Rate of Inflation
The rate of inflation is the annual percentage increase in the overall price level of goods and services in an economy over a period of time.
Unemployment Rate
The percentage reflecting those who are in the labor force and are not employed, yet are seeking employment.
Cost-push Inflation
Inflation caused by an increase in prices of inputs like labour, raw material, etc. It’s when the supply side of the economy’s production function becomes more expensive.
Demand-pull Inflation
Inflation that occurs when the demand for goods and services exceeds their supply, leading to an increase in prices.
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