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Which section of the society is worst affected during inflation? Why?

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Question

Which section of the society is worst affected during inflation? Why?

Answer in Brief
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Solution

The poor are worst affected during inflation. In times of inflation, poor people are able to buy lesser and lesser amount of goods and services than before. The rich become richer at the cost of the poor.

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Effects of Inflation
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Chapter 10: Inflation - QUESTION BANK [Page 246]

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Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 10 Inflation
QUESTION BANK | Q 12. | Page 246
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 13 Inflation
QUESTION BANK | Q 10. | Page 245
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