Causes and Effects of Inflation in the Business Sectors: An Overview in Bangladesh Context

Main Article Content

Mohiuddin Ahmed Mojumder

Abstract

The present paper aimed at reviewing the issues of inflation in the different business sectors of Bangladesh during the last few years. Inflation is the proportion of the cost of goods and services that increases over time. It is a market force that we cannot control, so it's important to have both a proactive and reactive strategy. If it is high, it might be better to wait until it drops. This research shows that the effects of inflation on business growth very negative as well as positively in a country over time. The study moreover finds that the outcomes from this study rely upon country-specific qualities, the data index used, and the methodology employed. This is a review survey, in detail, from the existing research on the causes and effects of inflation in the business sector and economic growth in developing countries like Bangladesh.

Article Details

Section

Original Article

How to Cite

Causes and Effects of Inflation in the Business Sectors: An Overview in Bangladesh Context. (2020). International Journal of Business, Arts and Scientific Study, 1(1), 53-58. https://doi.org/10.70818/ijbass.2020.v01i01.0010

References

Bhattacharjee, Dr. H. (2013). Inflation in Bangladesh: An Econometric Investigation. D.U. Journal of Marketing, 16(1), 01-10.

Floyd. D. (2019), 9 Common Effects of Inflation, Investopedia. Retrieved 25 October 2020 from https://www.investopedia.com/articles/insights/122016/9-common-effects-inflation.asp

Ghosh, B. C., & Hossain M. E. (n. d.). Consequences and Causes of Inflation in Bangladesh: Descriptive Analysis. Academia.edu, Retrieved 20 September 2020 from https://www.academia.edu/5087783/Consequences_and_Causes_of_Inflation_in_Bangladesh_A_Descriptive_Analysis

esme (n.d.). How does inflation affect business? esme, Retrieved 25 September 2020 from https://esmeloans.com/blog/how-does-inflation-affect-business

Encyclopedia (n.d.). Inflation. Wikipedia, Retrieved from https://en.wikipedia.org/wiki/Inflation

Oner, C. (n.d.).Inflation: Prices on the rise. Back to Basics CompilationFinance and Development, 30-31, International Monetary Fund. Retrieved 25 October 2020 from https://www.imf.org/external/pubs/ft/fandd/basics/30-inflation.htm

Education. (n.d.). Inflation and its measurement. Reserve bank of Australia, Retrieved from https://www.rba.gov.au/education/resources/explainers/inflation-and-its-measurement.html

Lipsey, R., Steiner, P., & Purvis, D. (1982). Economics, 7th ed., 752, New York: Harper Collins Pub. Inc.

Lynch. K. (n.d.). Managing the Impact of Rising Inflation in International Trade, American Express, Retrieved 25 October 2020 from https://www.americanexpress.com/us/foreign-exchange/articles/rising-inflation-international-trade/

McMahon, T. (June 7, 2017). Effects of Inflation on Businesses. Inflationdata.com, Retrieved 25 October 2020 from https://inflationdata.com/articles/2017/06/07/effects-of-inflation-on-businesses/#:~:text=In%20addition%2C%20inflation%20gives%20businesses,lower%20their%20employee%20wages%20expenses

Mukit, D. M. A. (2014). Export, Import and Inflation: A study on Bangladesh.ResearchGate.https://www.researchgate.net/publication/270450475_Export_Import_and_Inflation_A_study_on_Bangladesh.

Muktadir. D. A. M, Shafiullah A.Z.M. February 2014), Export, Import and Inflation: A Study on Bangladesh, Researchgate. Retrieved 25 October 2020 from https://www.researchgate.net/publication/270450475_Export_Import_and_Inflation_A_study_on_Bangladesh

Osmani, S. R. (2007). Interpreting Recent Inflationary Trends in Bangladesh and Policy Options. Paper presented at the dialogue on ‘Interpreting Recent Inflationary Trends in Bangladesh and Policy Options,’, Organized by the Centre for Policy Dialogue (CPD).

Pettinger, T. (2019). Inflation: advantages and disadvantages. Economics.help. Retrieved 25 September 2020 from. https://www.economicshelp.org/blog/315/inflation/inflation-advantages-and-disadvantages/

Sattar, Z.,& Shareef, S. (April 24, 2019). Exchange Rate Undervaluation, Export and Growth. The Financial Express. Retrieved 20 September 2020 from https://www.thefinancialexpress.com.bd/views/exchange-rate-undervaluation-exports-and-growth-155611850858

Tutor2U (2020). Inflation and Business. Business. Retrieved 25 October 2020 from https://www.tutor2u.net/business/reference/inflation-and-business-overview#:~:text=Positive%20effects%3A,finance%20cheaper%20in%20real%20terms

Uddin, S., Chowdhury, M. N. M., & Hossain, Dr. M. A. (2014). Determinants of Inflation in Bangladesh: An Econometric Investigation. Journal of World Economic Research, 3(6), 83-94,DOI: 10.11648/j.jwer.20140306.13