ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -1) Those belong to the fixed income groups. likes workers, salaried, employees, teachers, pensioners, creditors are the worst loser during inflation. The hardest hit is the persons who receive fixed incomes, usually called the middle class.

Detailed explanation-2: -Q:16 Which one of the following groups will not be negatively affected by the rise in prices? Explanation: The business class will be richer because they will get the goods at a higher price.

Detailed explanation-3: -Business class groups suffer the most from inflation.

Detailed explanation-4: -“The elderly often lose out more than others because they tend to rely on fixed incomes, and because they often have high medical expenses which tend to rise rapidly during inflationary times, ” he says.