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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.
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
The debt which yields income to the government is called as ______.
Explain how taxes can bring about equality in income distribution.
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Which section of society gains due to inflation? Why?
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Explain the impact of inflation on producers in the short run.
