Software Engineering Economics: Nominal Vs Real Prices Explained
Nominal prices don't account for inflation or context, whereas real prices adjust for it using CPI, crucial to understand when building scalable tools like LiveAPI.
I'm Shrijith Venkatrama, the founder of Hexmos. Presently, I am building LiveAPI, a super-convenient engineering productivity tool. LiveAPI processes your code repositories at scale and automatically produces beautiful API docs in minutes. As I build LiveAPI, I am also making an effort to learn about various economic matters & share it here with you. In my previous posts I briefly touched upon the ideas of nominal versus real price of commodities. Here are the posts for you to check out: Currency is What (Almost) Everyone Wants Labour: The Original Currency of Value In this post - I'll go...