#economic_process  any process affecting the production and development and management of material wealth
  supertype:  #process__proces  a sustained phenomenon or one marked by gradual changes through a series of states; "events now in process"; "the process of calcification begins later for boys than for girls"
  subtype:  #deflation.economic_process  a contraction of economic activity resulting in a decline of prices
  subtype:  #demand  the ability and desire to purchase goods and services; "the automobile reduced the demand for buggywhips"; "the demand exceeded the supply"
     subtype:  #economic_consumption__consumption__use__use_of_goods_and_services  (economics) the utilization of economic goods to satisfy needs or in manufacturing; "the consumption of energy has increased steadily"
        subtype:  #conspicuous_consumption__conspicuousconsumption  buying expensive services and products in order to flaunt your wealth
  subtype:  #disinflation  a reduction of prices intended to improve the balance of payments
  subtype:  #economic_growth  steady growth in the productive capacity of the economy (and so a growth of national income)
  subtype:  #globalization__globalisation  growth to a global or worldwide scale; "the globalization of the communication industry"
  subtype:  #rising_prices__inflation  a general and progressive increase in prices; "in inflation everything gets more valuable except money"
     subtype:  #cost-pull_inflation  inflation caused by an increase in the costs of production
     subtype:  #demand-pull_inflation  inflation caused by an increase in demand or in the supply of money
     subtype:  #inflationary_spiral  an episode of inflation in which prices increase at an increasing rate and currency rapidly loses value
     subtype:  #reflation  inflation of currency after a period of deflation; restore the system to a previous state
     subtype:  #stagflation  a period of slow economic growth and high unemployment (stagnation) while prices rise (inflation)
  subtype:  #market_forces  the interaction of supply and demand that shapes a market economy
  subtype:  #supply.economic_process  offering goods and services for sale

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