Introduction. 1  Guardianship, also, referred to as conservatorship, is a legal process, utilized when a person can no longer make or communicate safe or sound decisions about his/her person and/or property or has become susceptible to fraud or undue influence.
However, inflation isnât about rising prices; itâs about an expanding money supply. Higher prices are a consequence of inflation, not inflation itself. While short-term inflation can raise prices and wages and have little detrimental effects to the economy, sustained long-term inflation can be very harmful. If left unchecked, inflation can become hyperinflation, a condition where a fiat currency becomes so diluted, itâs practically worthless.
Definition of Inflation. Inflation means a sustained increase in the aggregate or general price level in an economy. Inflation means there is an increase in the cost of living. âinflation means that your money wonât buy as much today as you could yesterday. â. In the UK the rate of inflation has varied a lot from 25% a year in 1974 to the deflation in the 1920s and 1930s.