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Over The past Decade, The Thai Economy has experienced moderate
growth with stability. While The Industrial Sector has Played a Major role in production, The
Agricultural Sector Remains a Key Source of income and a Base for value added activities.
Very recently, The Service Sector. has emerged As an Additional Engine of growth, while The
Linkages between The Domestic and International economies Have resulted in many
Economic activities, especially in Trade and Investment. Foreign Direct Investment has
remained Critical factor for Economic Expansion show an inverse relationship between the rate. of unemployment and the rate of inflation. Described by the Phillips curve. Curve Phillips happened to economist AW Phillips was first observed an inverse relationship between the two variables in the study of inflation and unemployment in England between 1861 and 1957, Phillips to. The study shows clearly that the United Kingdom during this time as long as unemployment fell. Rising inflation Curve Phillips hypothetical shown below. Theories explaining the rate of inflation are generally two theory is demand-pull, said that prices rise when demand for goods and services over the supply of their second theory added. create inflation, said companies will increase their prices to cover the provision of higher prices. And maintain profitability assessment of the overall economy, inflation and unemployment are the two main elements. Using data from the National Statistics Office. However, the relationship between inflation and unemployment, a topic that economists have argued for. The famous and recognized in 1958, is the theory of economist AW Phillips Phillip curve which shows the relationship between the opposing increases in wages and unemployment rates. In the UK between 1861 and 1957.
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