Home > Term: मजदूरी मूल्य सर्पिल
मजदूरी मूल्य सर्पिल
A feedback process in which increasing wages lead, through costs, to increasing prices, while increasing prices lead, through the need to maintain real wages, to increasing wages.
- Part of Speech: noun
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
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Creator
- mitraashutosh
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(V.I.P) 10722 points - 100% positive feedback
(India)
