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Why do small farmers suffer during inflation? - Economics

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Question

Why do small farmers suffer during inflation?

Short Note

Solution

Small farmers suffer during inflation because the major portion of their produce is not marketed but instead is kept for self-consumption. They also purchase inputs such as seeds, fertilisers and insecticides at higher prices during inflation.

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Chapter 13: Inflation - Exercise [Page 200]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 13 Inflation
Exercise | Q 13. | Page 200
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