How Do You Spell COST-PUSH?

Pronunciation: [kˈɒstpˈʊʃ] (IPA)

The term "cost-push" refers to an economic phenomenon where rising costs of production lead to an increase in the prices of goods and services. The spelling of this term can be broken down phonetically as /ˈkɒst pʊʃ/, where the "o" in "cost" is pronounced as a short "o" sound, and the "u" in "push" is pronounced as a short "u" sound. Together, the two words are pronounced with equal emphasis on each syllable. This term can be useful in understanding inflation and its causes.

COST-PUSH Meaning and Definition

  1. Cost-push refers to a term used in economics to describe a type of inflation where rising production costs lead to an increase in the overall price level in the economy. It is a situation where the cost of inputs, such as labor, raw materials, or energy, increases, causing producers to pass on these additional costs to consumers by raising the prices of goods and services.

    In cost-push inflation, the increase in production costs is often a result of factors such as increasing wages, higher taxes, or rising prices of key inputs. These factors then push up the overall cost of producing goods and services, which leads to higher prices in the market.

    The higher prices resulting from cost-push inflation can be challenging for both consumers and businesses. Consumers experience a decrease in purchasing power as the prices of goods and services increase. This means they can afford to buy fewer goods and services with the same amount of income. Businesses, on the other hand, may face reduced profitability or may have to absorb some of the additional costs themselves, leading to potential challenges in maintaining competitiveness or growth.

    Overall, cost-push inflation is a phenomenon that occurs when cost increases in the production process result in upward pressure on prices in the economy. It is often contrasted with demand-pull inflation, where rising consumer demand drives price increases.

Common Misspellings for COST-PUSH

  • xost-push
  • vost-push
  • fost-push
  • dost-push
  • cist-push
  • ckst-push
  • clst-push
  • cpst-push
  • c0st-push
  • c9st-push
  • coat-push
  • cozt-push
  • coxt-push
  • codt-push
  • coet-push
  • cowt-push
  • cosr-push
  • cosf-push
  • cosg-push
  • cosy-push

Etymology of COST-PUSH

The term "cost-push" is composed of two words: "cost" and "push".

The word "cost" originated from the Latin word "constare", which means "to stand firm" or "to stand together". It later evolved in Old French as "coste" and eventually became "cost" in Middle English. The general idea of "cost" refers to the amount of money, effort, or resources required to produce or acquire something.

The word "push" is derived from the Old English word "puscan" or "pyscan", which means "to exert force" or "to thrust". It has Germanic roots and is related to other similar words in German and Dutch.

When combined, "cost-push" is a term that describes a situation in which increased costs of production, such as wages, raw materials, or taxes, lead to a rise in the price of goods or services.