Price Hike Essay for All Classes Students

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Price Hike Essay for All Classes Students

Price Hike Essay for All Classes Students

 

Introduction: Price hike refers to the abrupt escalation in the cost of essential commodities. Nowadays, it is a common scenario in the countries of the third world like Bangladesh, and India. The price of essential commodities is increasing so leaps and bounds that it goes beyond the control of man. People with lower incomes often have difficulty balancing their income with their expenses.

Price increased items: Sales of certain essentials including sugar, powdered milk, pulses including lentil, onion, potato, garlic, ginger, green and dry chilies which are essential always are going up in recent days as their prices increase significantly within a short period.

Reason to increase: Shortage of supply due to low production also accelerates the price-hike of essential goods. Our population is increasing in geometrical progress, while the supply of food increases in arithmetical progress. Due to the scarcity of goods, there is often a significant mismatch between what we need and what is available for us to purchase.

Price Hike Essay for All Classes Students

Result: Because of the price hikes people are suffering a lot. As prices of essential commodities are on the rise, low and fixed-income group people are being forced to buy or consume less than what they usually do.

Opinion of Govt: The Government blames the spike largely on high commodity and fuel prices in international markets and partly on dishonest traders and natural calamities.

Solution: However efforts should be made and necessary actions should be taken against the persons who are associated with a price hike. Hoarding should be controlled. Smuggling and black-marketing are to be eradicated. An adequate supply of essential commodities needs to be ensured.

Conclusion: As a price hike is a great problem for the people of 3rd world countries like ours, we should try to solve it. We should not impose everything on the government only. The concerned as well as the civil society should come forward to solve the problem.

 

 

Price Hike Essay for All Classes Students

Price Hike Essay
Price Hike Essay

 

Introduction:

The price hike, or the sudden increase in the prices of essential commodities, has become a common phenomenon in many third-world countries, including Bangladesh and India. The prices of necessary goods are rising at an alarming rate, surpassing the control of individuals. This surge in prices poses a significant challenge for low-income individuals, making it difficult for them to manage their income and expenses effectively.

Price-Increased Items:

Several essential items, such as sugar, powdered milk, pulses (including lentils), onions, potatoes, garlic, ginger, green, and dry chilies, have experienced a substantial increase in their prices within a short period. These items are considered essential for daily consumption, and the sharp rise in their prices has caused significant concern among the general public.

Reasons for the Price Hike:

The price hike is primarily attributed to a shortage of supply resulting from low production levels. As our population grows exponentially, the supply of food and essential goods increases at a slower rate. Consequently, the supply of goods becomes insufficient in comparison to the rising demands of the population. This disparity between supply and demand contributes to the surge in prices.

Price Hike Essay for All Classes Students

Impact on the Masses:

The price hike has severe repercussions for the general population. As the prices of essential commodities continue to rise, individuals in the low and fixed-income groups are compelled to purchase or consume less than they typically would. This reduction in consumption adversely affects their standard of living and overall well-being.

Government Perspective:

The government often attributes the spike in prices to high commodity and fuel prices in international markets, coupled with dishonest traders and natural calamities. While these factors may have some influence, the government needs to take comprehensive measures to address the issue effectively.

Potential Solutions:

Efforts must be made to identify and take necessary actions against individuals involved in price hikes. Measures should be implemented to control hoarding, smuggling, and black-marketing. Additionally, ensuring an adequate supply of essential commodities is crucial in stabilizing prices and meeting the demands of the population.

Conclusion:

Price hike poses a significant problem for individuals in third-world countries like ours, and it requires collective efforts to find a solution. Placing the entire burden on the government alone is not sufficient. It is imperative for all stakeholders, including the concerned authorities and civil society, to come forward and actively contribute to resolving this issue. By addressing the root causes of price hikes and implementing appropriate measures, we can strive towards a more stable and affordable market for essential commodities, ultimately improving the lives of the general population.

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