If you lived on a fixed income how would you be affected by inflation

Business

1 answer:

choli [55]4 years ago

5 0

Answer:

Increase of he cost of living VS stagnaition of income

Explanation:

Having a fixed income that is not adjusted by inflation affects the quality of living as year by year the cost of goods and services will rise but the income will remain the same. Therefore it is a matter of time until the income wont be enough to pay all the expenses and costs.

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For some of the products the contract manufacturers even provide the service of designing, distributing, assembly and manufacturing. the regulations for production also less in these countries. Contract manufacturers are found mostly in developing countries.

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