Expense Increase
Definition:
An expense increase is a rise in the cost of goods or services that a person or business regularly buys. This can be due to a number of factors, including inflation, rising prices, or increased demand.
Example:
Here are some examples of expense increase:
Inflation: Inflation is a general increase in prices, and it can lead to expense increases. This is because the cost of goods and services typically goes up when inflation is high.
Rising prices: The price of goods and services can also increase due to factors such as supply and demand. For example, if the demand for a product is high, the price of the product may go up.
Increased demand: Increased demand for goods and services can also lead to expense increases. This is because businesses may need to raise prices to cover the costs of production.