All the factors mentioned in the above video are of course the preliminaries. What we want to understand, is if all these factors were removed, and the economy was allowed a free flow, will there still be inflation? Answer: Yes.
Second Price Auction A general second price auction or a GSP is a type of auction where the bidder has to pay the price bid by the next best bidder. For example, if you bid 10 rupees for an apple,