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According to the article "Ensure sustainable consumption and production patterns", it states, "Sustainable consumption and production is about promoting resource and energy efficiency, sustainable infrastructure, and providing access to basic services, green and decent jobs and a better quality of life for all. Its implementation helps to achieve overall development plans, reduce future economic, environmental and social costs, strengthen economic competitiveness and reduce poverty."

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According to the article "End poverty in all its forms everywhere", it states, "one-in-five people in developing regions still live on less than $1.90 a day. Millions more make little more than this daily amount and are at risk of slipping back into extreme poverty."

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The Roman problem of inflation most relates to SDGs 1, No Poverty, and 12, Resource Consumption. In ancient Rome, there was a big loss in gold since western Rome was using so much of it in war. The supply of this natural resource became depleted, so gold usage in coins became scarce.  Because gold was so scarce, the coins' value dropped so more people went into poverty because they were not earning their normal pay. This ties into SDGs 1 and 12 because the people were forced into poverty and would work as slaves to repay there debt. Because of Rome's poor resource management, the economy collapsed and more people became slaves.

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Supply (n.):
-the quantity or amount (as of a commodity) needed or available
-the quantities of goods or services offered for sale at a particular time or at one price

Demand (n.):
-willingness and ability to purchase a commodity or service
-the quantity of a commodity or service wanted at a specified price and time

Inflation (n.):
-a continuing rise in the general price level usually attributed to an increase in the volume of money and credit relative to available goods and services

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This describes how inflation occurs: equal supply/demand (less inflation), greater demand to supply (demand-pull), and greater supply to demand (cost-push).

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Supply, Demand, and Inflation in the World Today

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Supply, Demand, and Inflation in the World Today

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Inflation is a growing problem in today's society due to rising demand because of the COVID-19 pandemic and the halted supply chains. Many countries are experiencing two different styles of inflation simultaneously. These two inflation types are "demand-pull", where demand is greater than supply, and "cost-push", where supply is greater than demand. In the United States, a "Great Resignation" is occurring, where the working class move occupations quickly to get better pay rates. This impacts how inflation is happening in the US because of demand being carried over from previous years and the "Great Resignation".
According to the article, "How Inflation Affects Us, and How We Can Prepare For it", written by Raymond J. McCaffrey, "The U.S. economy is currently experiencing a combination of cost-push and demand-pull inflation. While it may only be temporary, the U.S. is experiencing inflation not seen since the 1970s. Cost-push inflation is being seen in the price of raw materials. Prices have skyrocketed in recent months...Once the slowdown passed, demand for these raw materials has risen substantially, leading to a rise in prices." The halting of natural processes from after the lockdown period forced these industries to restart. Combined with the rising demand, inflation is getting harder to combat. However, the article also states that, "Most economists expect this inflation to be temporary. As supply comes back on-line and pent-up demand is satisfied, supply and demand should come back into balance." Inflation will be temporary, and after the world gets situated, it will go back to equal supply/demand.

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In Rome there was many different things that caused Inflation such as, invasions, population growth, war, etc. Although we have decided to focus on there supply and demand as well as there population growth.  Because Rome had so many people in it, there money supply dropped because they were so focused on growing there country. Since this happend people started adding more to there prices since gold was so valuable.  Because of this Rome became weaker which gave other country's a opportunity to invade Rome.  According to Ancient Inflation and  a Notable Pre-Roman example in states, "  very little silver was recovered because it was no doubt horded when news of the economic plan became known, while more and more bronze coins were introduced into circulation, creating a classic inflationary cycle."  As you can see money was very valuable.  Since that part of Rome was at its low point (the west part of Rome) it allowed other countrys to invade and attack which lead to the fall of the West side of Rome.