You may have heard that in November 2021, inflation reached the highest rate in 30 years, but what does that mean, and how does it impact you? Let’s start with the basics. Inflation is an economic phenomenon where the value...
Cost Of Goods Sold Definition Cost of goods sold (COGS) is the cost of producing the goods sold by a company. It accounts for the cost of materials and labor directly related to that good and for a designated accounting...
Over time, the average cost of goods and services tends to increase. As a result, you’ll need more money in order to purchase the same thing—that’s called inflation. The opposite of inflation is deflation, where the price of goods and...
If you’ve decided to take control of your finances, you might be wondering how to start and what are the first things that you’ll want to do. If this sounds like where you are in your life, first of all,...
You might’ve heard your grandparents talk about how the prices of goods and services used to be way cheaper, and you might have imagined how great it would’ve been to pay 5 cents for a cup of coffee or even...
