Simultaneously, these higher costs can lead to cuts in business investment and consumer spending, potentially slowing economic growth and leading to layoffs—the very definition of stagflation.

Definition: Penetration rate indicates the level of development of insurance sector in a country. Penetration rate is measured as the ratio of premium underwritten in a particular year to the GDP.

Definition: Reference price is also known as competitive pricing ... Description: Reference pricing, in simple terms, is known as that price which users compare with the price of a competitor’s ...