"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.

Asked by Last Modified  

Follow 1
Answer

Please enter your answer

Well Experienced Teacher, Trainer and Mentor, Having a Experience of more than 5 years .

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...
read more
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
Comments

Related Questions

Which are governments exam or job for women B.com and MBA F&M between 31 to 35 age?
Madam, you can better prepare for state PCS exams. Thank you!
Priya
0 0
9
sir my age is 35 if its possible to write any bank exam or any other exam
Looking for bank job is fine. It can take a huge time. please try to get a job in IT or Bpo for mean time and start your earning. I am a unique trainer for language and interview skills.
Sumitha
0 0
5
How shall I prepare for IIT without joining any coaching institute? I am in class 11.
focus on basic concepts of subjects, prepare timetable for study and follow this. does not spent too much time on study but start learning on calm mind, do some physical activity also.
Priya
0 0
7
Can I manage class 11 with entrance coaching?
You can very well manage class 11 with entrance coaching by making an in-depth study from the word go once you start your curriculum.This will ,in no way hinder the regular stream if and only if exhaustive...
Mukund
0 0
6
How was the Zamindari system of land settlement responsible for the stagnation of Indian agriculture?
The zamindari system of land settlement was responsible for the stagnation of Indian agriculture because of the below-mentioned reasons(i) The zamindars were recognized as permanent owners of the soil.(ii)...
Hardik
0 0
7

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

What is Monetary Policy Committee (MPC) ?
The new MPC is to be a six member panel that is expected to bring "VALUE and TRANSPARENCY" to rate setting decisions. It will feature three members from the RBI- the Governor, a Deputy Governor , and another...


Indian Economy on the Eve of Independence
Name some notable economists who estimated India’s per capita income during the colonial period. Ans: The following economists estimated India’s per capita income during the colonial...

Types of Demand - Micro Economics, Class 12
Economics - NCERT, ICSE/ISC, State Board, IGCSE/GCSE

Divisibility Rules
A divisibility rule is a simple way to determine whether a given integer is completely divisible by a certain divisor by examining its digits. By following certain rules, you can quickly determine the...
P

Priya

0 0
0

Recommended Articles

Appearing for exams could be stressful for students. Even though they might have prepared well, they could suffer from anxiety, tension etc. These are not good for their health and mind. However, following a few exam preparation tips can save them from all these and help them to score good marks. Let’s find out all...

Read full article >

While schools provide formal education to the children, the home is where they start learning about things informally. Parents think that schools will take the initiative to educate their children. Well, this is partially true, as parents also play an essential role in bringing up their child. For the development of particular...

Read full article >

E-learning is not just about delivering lessons online. It has a much broader scope that goes beyond manual paper or PowerPoint Presentations. To understand the reach of E-learning and how the whole process works in developing the Educational system, we will discuss a few points here. Let us find out how this new learning...

Read full article >

Learning for every child starts from a very young age. While the formal methods include school curriculums and private lessons, the informal methods include dancing, music, drawing, and various fun-filling activities. Playing games and practising these types of activities helps the children get out of boredom and...

Read full article >

Looking for Class 11 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you