Terms Beginning With 'o'

Overheated Economy

  • January 29, 2020
  • Team Kalkine

The economy which experienced a prolonged period of excellent economic growth are known as overheated economy and experienced the high level of inflation. The price rise situation causes inefficient allocation of supply, as the producer over produces in order to capitalise the high level of wealth. These indicators will eventually hamper the economic growth can be a precursor to a recession.

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