ICSE Class X Economics 2022 Solved Papers

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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.
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