Factors That Affect Income

The video tutorial explains how prices of goods and services change over time due to inflation and deflation. Inflation leads to higher prices and decreased money value, affecting income and business profits. Deflation results in lower prices, reduced income, and increased unemployment. The video also covers the importance of capital goods and human capital in enhancing business productivity and economic growth.

What new insight or understanding did you gain from this video?

Evaluate responses using AI:

OFF