Study Materials in Economics

Conflict and Economic Development: Shedding Sufficient Light on the Current High Cost of Living among Ordinary Consumers

The present article exclusively focused on the relationship holding between conflict and consumer’s cost of living, as exemplified by recent global occurrences. As shall emerge hereafter, conflict often triggers high cost of living as was evident after Russians invasion of Ukraine early this year. The result was high price increases for consumers globally, as the supply chain matrix for essential commodities was interrupted.