| 单词 | cost inflation |
| 释义 | cost inflation Inflation due to increases in particular prices or wage rates being passed round the economy. Increases in costs cause producers to raise prices; increases in prices cause workers to demand higher wages; and increases in wages in one occupation lead to demands for increases in others to restore differentials. The cumulative effect of all these processes leads to a cost-inflationary spiral, which it is extremely difficult to stop. Cost inflation is contrasted with demand inflation, where high levels of demand lead to shortages of goods and labour and thus to price and wage increases. It is probably better to regard cost and demand inflation not as two kinds of inflation, but as two ways of looking at the inflationary process as a whole: excess demand can start inflation, and cost inflation keeps it going. |
| 随便看 |
|
英汉经管词典收录了3426条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。