 The value of money changes over time! Its value depends on what you can buy with it.
For instance, 30 years ago, you could buy 10 ice creams with W1,000. But now, with the prices rising each year, you can only buy one or two ice creams with the same amount.
It means that the purchasing power of money decreases over time. This phenomenon is known as inflation.
| Amelia Moon
Staff Reporter
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