Deflation
💡 In plain English: When prices fall broadly — sounds good but often signals a weak economy where people delay spending.
Definition
A decrease in the general price level of goods and services. While it increases purchasing power, it often signals economic contraction.
📌 Real-World Example
Japan experienced deflation for 20+ years (1990s–2010s) — prices fell slightly each year, people delayed buying (why buy today when it's cheaper tomorrow?), causing stagnation.
Related Terms
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