Test Index

ICSE Class X Economics 2022 Papers

© examsnet.com
Question : 30 of 33
Marks: +1, -0
What is the impact of inflation on wages and salaried class people?
Solution:  
Impact of inflation on wages and salaried class people : Wage earners and salaried class tend to lose during inflation who get a fixed monthly income. This class is vast affected by inflation because the purchasing power of their fixed income goes on decreasing with rising prices.
© examsnet.com
Go to Question: