BUSINESS ACTIVITY || GLOBAL INFLATION[club75] @daprado1999

Global inflation is a rising economic issue arising in our world today. The Fiat currency gets devalued due to factors of finance and high cost of living is seen. In such cases, these series of events takes place as we see today in our world.

Global inflation has affected a whole lot of economic activities and things would obviously get a whole lot worse for under developed countries too. Major production in developed countries has been barricaded due to barriers and unresolved economic issues too.

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FACTORS AFFECTING GLOBAL INFLATION

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• WAR AND ANARCHY

The war and anarchy has a major role to play in the global inflation. The countries at war has cost of production and realise income from export and income trade, during conflict and war, resources are channeled towards weapons and artillery, ignoring the major demands of countries they perform these special trade with and causing sky rocketed global inflation.

scenario;
^{Russia and Ukraine are at war, statistics show that they produce about 41% and 31% respectively of wheat and corn for Africa and this statistics is so high, now the war has depleted that avenue of food provision, it's more likely that some African countries might encounter hunger in months coming, thereby increasing the rate of global inflation too.}
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• COST OF GOVERNANCE

Maintaining the government requires cost. The cost of governance is increasing so much. This has been known also to increase the rate of global inflation. If the cost of governance is managed properly, global inflation would be managed.

scenario;
^{In developed countries the law makers, judiciary, prime ministers, has high costs. The bills and allowances each senator of not federations get I too high, the immunity and financial expenses, they lavish just to please themselves is too much, if these funds could be managed properly the rate of global inflation could be reduced to it's barest minimum.}
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• POST COVID-19 EFFECT:

The era of COVID-19 the world general was faced with deterioration in economy as instruments of production where restrained and the supply chain was bridged, all to contain the dangerous virus. The world is yet to recover from these conditions, which spured up the global inflation to an extent.

scenario;
^{The health sector took the bulk of funds to research and provide lasting cure to the plague of Corona virus. Funds where channeled to the health sector. This reduced the production and increased global expenses on palliatives and releive materials to under developed nations too to save lives.}
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• CLIMATIC CONDITIONS:

Some countries have very dangerous climatic conditions ranging from earthquakes, tornadoes, flooding, avalanche, and a host of other condition reduces the economic activities of production in those countries mostly in the artic could also be a factor too to global inflation.

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SOLUTION TO GLOBAL INFLATION

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• Ending war and anarchy, peaceful conflict resolution could aid in providing more human resources available to tackle global inflation, reducing cost of production of dangerous weapons and channelling them to production of goods and services.

• Returning to agriculture and food production and processing . All hands should be on deck to see to it that there is enough food. More bilateral trades and more importation of AGRO-BASED products would in turn cause in a drastic end to global inflation.

Business Details

Business Name	Global Inflation
Owner Name	@daprado1999
Business Address	Enugu, Nigeria

^{10% beneficiary to community}