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प्रश्न
State running inflation impact on fixed income groups.
Explain the effects of inflation on the following:
Fixed income groups
Explain the impact of inflation on the fixed income group of people.
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उत्तर
- Fixed-income earners (i.e., wage and salary earners, pensioners, etc.) suffer during inflation. It is because that their incomes do not increase in the same proportion in which prices or the cost of living rises.
- As a result, these fixed income earners tend to buy less amount of goods and services than before even when there is little rise in their income.
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संबंधित प्रश्न
Answer the following :
What are the Non - economic effects of inflation?
Explain how taxes can bring about equality in income distribution.
Examine any three adverse or evil effects of inflation on production.
Identity the correct statement from the following:
______ are worst affected during the period of inflation.
Which of the following section of the society is most adversely affected by inflation?
Mention the effect of inflation on the value of money.
Why do producers gain in the short run during inflation?
Which section of society gains due to inflation? Why?
Which section of the society is worst affected during inflation? Why?
