RELATIVELY fewer goods than previously.In summary:Inflation will hurt those who keep cash savings and WORKERS with fixed wages.Inflation will benefit those with large debts who, with rising prices, find it easier to pay back their debts.LosersWinnersSaversDebtors on fixed repayments planRetirees living on fixed INCOMES (Government pensioners)Government with high public sector debtWorkers on fixed incomesOwners of Land and PHYSICAL assetsBorrowers on variable rates Firms who can cut real wagesTherefore, Debtors are the most benefitted from inflation.

"> RELATIVELY fewer goods than previously.In summary:Inflation will hurt those who keep cash savings and WORKERS with fixed wages.Inflation will benefit those with large debts who, with rising prices, find it easier to pay back their debts.LosersWinnersSaversDebtors on fixed repayments planRetirees living on fixed INCOMES (Government pensioners)Government with high public sector debtWorkers on fixed incomesOwners of Land and PHYSICAL assetsBorrowers on variable rates Firms who can cut real wagesTherefore, Debtors are the most benefitted from inflation.

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Who amongst the following is most benefitted from inflation

Current Affairs General Awareness in Current Affairs . 7 months ago

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Inflation is a continuous rise in the price level. Inflation means the value of money will fall and purchase RELATIVELY fewer goods than previously.In summary:Inflation will hurt those who keep cash savings and WORKERS with fixed wages.Inflation will benefit those with large debts who, with rising prices, find it easier to pay back their debts.LosersWinnersSaversDebtors on fixed repayments planRetirees living on fixed INCOMES (Government pensioners)Government with high public sector debtWorkers on fixed incomesOwners of Land and PHYSICAL assetsBorrowers on variable rates Firms who can cut real wagesTherefore, Debtors are the most benefitted from inflation.

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Posted on 18 Nov 2024, this text provides information on Current Affairs related to General Awareness in Current Affairs. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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