Question

INFLATION IS UNJUST.DISCUSS

Answer 1

Transcript of INFLATION IS UNJUST WHILE DEFLATION IS INEXPEDIENT. Deflation is a phenomenon of falling prices accompanied by a fall in the levels of employment and output. ... Inflation is a phenomenon of rising prices without causing change in the levels of employment and output.

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Answer 2

Inflation is unjust due to the very fact that it widens the gap between the rich and the poor. Inflation makes rich people grow richer at the cost of the poor of society. In this situation, the lower and middle group people suffer the most since their income does not rise with the extent to the increase in the prices. Accordingly, it becomes difficult for them to meet the prices for the goods of their needs.