Definition of Cost-Push: Expenditure increases when the total price increases due to the increase in wages and the cost of raw materials (inflation). Higher production costs can reduce aggregate supply (total production) in the economy. Since the demand for goods does not change, the increase in the cost of production reaches the consumers, resulting in inflation.
- Expenditure increases when the total price increases due to increase in wages and raw materials (inflation).
- Cost inflation can occur when high production costs reduce the total supply (total production) in the economy.
- Since the demand for goods does not change, the increase in production-related prices is passed on to consumers, which leads to inflation in prices.
Literal Meanings of Cost-Push
Meanings of Cost:
Payment (a sum of money) is required before the acquisition or realization of (an item or action).
Synonyms of Cost
be priced at, sell for, be valued at, fetch, come to, amount to, be, value, price, put a price on, put a value on, put a figure on, estimate the cost of, estimate the price of, evaluate, asking price, market price, selling price, fee, tariff, fare, toll
Meanings of Push:
In general, use force to keep yourself (or something else) away from yourself or energy sources.
Use force to move people away or away.
Encourage (someone) to do something, especially work hard.
Promote use, sales or acceptance.
Prepare (a batch) to get the above data.
Deliberately expand (film) to cover irreparable costs.
Violent actions against someone or something to keep them away from themselves.
Try to do or maintain something.
Sentences of Push
She extends the glass towards him
He walked down a busy street
He thought he had put a lot of pressure on his daughter
Throw the door
Many clubs participate in fundraising
Synonyms of Push
shove, thrust, propel, impel, force, force one's way, squeeze, jostle, elbow, shoulder, assertive, thrusting, pushing, ambitious, driven, aggressive, forceful, forward, obtrusive, bold, brash, bumptious, arrogant, officious, bossy, presumptuous, full of oneself