Tag Archives: Reduction

What is deflation?

What is deflation? The action or process of deflating or being deflated Or    Reduction of the general level of prices in an economy Or A decline in general price levels, often caused by a reduction in the supply of money or credit. Deflation can also be brought about by direct contractions in spending, either in the form of a reduction …

Read More »

What is Depreciation?

What is Depreciation? A reduction in the value of an asset with the passage of time, due in particular to wear and tear Or Decrease in the value of a currency relative to other currencies. Or Depreciation is the assigning or allocating of a plant asset’s cost to expense over the accounting periods that the asset is likely to be …

Read More »
Skip to toolbar