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Why is Everything Getting So Expensive?

Dissecting the many forces pushing up prices in daily life.

Labor Relations Business Law & Economics Inflation Manufacturing & Packaging Pricing Product Distribution Supply & Demand Supply Chains Chapter 1 Taking Risks & Making Profits Chapter 2 Economics Chapter 3 Globalization Chapter 4 Ethics & Social Responsibility Chapter 9 Production & Operations Management Chapter 11 Human Resource Management Chapter 12 Labor Management & Unions Chapter 14 Product & Price Chapter 15 Distribution Bonus Chapter A Video Blog Understanding Business Higher Education

Prices on everyday products like groceries and diapers have increased dramatically in the last couple of years, with inflation often being identified as the culprit. This video takes a close look at the potential causes of the post-pandemic trend of rising inflation, examining why supply chain issues and plain old markups could be responsible for ever-increasing prices. 

Questions:

  1. What are the potential causes of inflation outlined in this video? Which factor do you think is the most likely cause of rising prices, or do you think it results from a combination of reasons?
  2. Do you think government regulators should investigate if companies have raised prices to unsustainable rates? Why or why not?
Author: NickelsMcHughMcHugh