Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Wage Push Inflation

Updated on 2023-08-29T11:55:44.771112Z

Often referred to as wage-price spiral or cost-push inflation, wage push inflation is a widely used economic terminology. It denotes the prices (of goods) increase in the event of a wages increase. The idea behind the concept is of demand and supply.