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"Inflation does not hit all sections of the society alike. Some gains while other losses." In the context of this statement explain any two effects of inflation.

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Some inflation is good for the economy, if you are a shopkeeper then you always want that your product must be sold at higher price, So it will improve the GDP (as the price will high and people will buy which shows that per capita income in increasing). Agriculture industry will benefit, the government...
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Some inflation is good for the economy, if you are a shopkeeper then you always want that your product must be sold at higher price, So it will improve the GDP (as the price will high and people will buy which shows that per capita income in increasing). Agriculture industry will benefit, the government will get more revenue. read less
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