if inflation is eradicated - it positive effects

[Axis]

the eradication of inflation would bring about some positive effects when inflation is being eradicated the savings rate will be high because when inflation is available in an economy people tend to spend more money l which lead to low savings or no savings at all so in its eradication this will be vice versa people have more money to save instead of spending.
the interest rate in which bank gives to customers who borrow money from them will reduce and when this is low it will encourage client to borrow money for investment purposes. the value of money will not depreciate as well that is the value of money receive will be much greater than the value of money spent out and not vice versa.
investment will be encourage when inflation is being eradicated in a country because the value of money will increase and when the value of money increases the interest interest rate posed by banks to customers who reduce and this will encourage customers to borrow money from these banks for investment purposes either on a business or adventure.
when inflation is been eradicated in the country the cost of living will be low and we know that when it cost of living is low it promotes high standard of living due to the increase on the value of money.

 

[Holicent]

If inflation is eradicated - it's positive effects:

1. People will have money to spend.

2. The prices of goods and services will be more stable, which means you can plan much better for the future and make better informed decisions about what to buy and sell.

3. The cost of borrowing money will drop because interest rates will be lower, which makes it easier for people to take on loans or borrow from friends or family members.

4. With less inflation, the value of your money goes up faster than the cost of living does even though the currency doesn't go through any changes like a change in its amount or makeup (like with a barter system). This means that even if prices go up overall, your purchasing power will remain the same or increase at least a little bit every year.

The higher level of investment means that there is more production capacity available to satisfy demand, which means that there will be more jobs created. This increases aggregate demand and boosts economic growth.