Principles of government are basic truths or laws, which guide the study and practice of politics and government. They are developed by political theorists and writers based on their experience or observation of the political process but these principles have come, to be accepted over the years by scholars and practitioners alike as indispensable and essential to understanding political phenomena.

Inflation refers to a persistent and sustained rise in the general price level. A general phenomenon during a period of inflation is a continuous fall of the value of money in the economy.