Econ Discussion

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Business Finance

Description

Please name at list three concepts in Chapters 1 - 3 that seem challenging to you. Next, describe what is making each of those concepts challenging. What steps have you taken to address those challenges and to each extent those steps have or have not helped?

If possible, react to other students' posts. Your handling of own situation can help other students who are experiencing the same challenges

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Explanation & Answer

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SURNAME1
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Three Challenging Economic Concepts in Chapters 1-3
There are three major concepts of economics that are still really challenging to me. These
are inflation, market economy, and cost-benefit analysis. First of all, let me explain inflation.
According to the materials I have read, especially major economic books, inflation is basically a
situation that occurs when there is a decrease in the purchasing power of the currency and there a
rise in the prices of services and goods. What I find it confusing about inflation is that I don't
understand how it can both stimulate the economy and at the same time it can be bad for the
econ...


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