A market situation wherin the price of a good in demand has a slow response to changes in level of demand. In some cases, the change is almost negligible. Inflation and Unemployment play a major role in price stability.
PRICE STABILITY
A market situation wherin the price of a good in demand has a slow response to changes in level of demand. In some cases, the change is almost negligible. Inflation and Unemployment play a major role in price stability.