Unfortunately, their salaries are unable to keep up with the constant increases in prices of necessary goods and commodities.
In a developing economy a certain rise in prices in inevitable for at least three major reasons.
Impact Since these commodities are essential, price hikes have both economic and political consequences. It has been estimated that if all the black money stored in the Swiss Bank of Switzerland comes back to our country not only will the prices be slashed down but the Indian government will also get rid of all the loans that it has taken from the developed countries.
The large firms such as airlines, holiday firms and shipping industry will increase their prices due to the greater fuel prices. Heavy taxation also discourages greater production. Conclusion While price hikes are inevitable in any economy, uncontrolled or badly controlled increases hit the population of a country hard and amplify the gap between the rich and the poor.
A drought or a flood is enough to disrupt supply and increase prices. Income Increase — As the purchasing power of the population increases, the demand for goods and services also increases.
Therefore, any shortfall can result in high prices quickly. Much food is being wasted in the parties and marriages. This problem assumes an acute term in the developing countries like Pakistan. They have large families to maintain and it becomes difficult to feed so many mouths with hardly any money.
Seventhly, there has been very heavy taxation on the public—both direct and indirect. The government should undertake a big scheme of rationing in cities and villages Cheap clothes should be produced and essential items be distributed through government shops. The standard of living of the people has improved.
Inflation, black marketing, hoaring, faulty credit system, over population and improper system of distribution are some of the major causes of hike in prices. Essay on Problems of Rising Prices — Essay 3 words Introduction As a developing country with the second largest population in the world, India faces quite a few challenges.
Price Hike and the Common Man For the common man, a hike in prices is always a matter of some concern. Social evils also tax the common people badly.
Main Causes of Inflation The traders and shopkeepers who get involved in amassing unlawful and unreasonable profit should be arrested and awarded severe punishments. External — Global inflation is an external cause of price rise. It will also strengthen the affect of higher oil prices increases the oil-import bill in the short-run, with the low price elasticity of oil demand.
From a supply perspective, factors such as uncertain weather, lack of cold storage and lack of warehousing facilities play a huge role in pushing prices up.
So the supply of things wanted is less than its demand. A very high percentage of vegetables and fruits are wasted because of inadequate cold storage facilities, affecting supply and raising prices.
The poverty figures have increased for last 3 years. Therefore, the moment there is global shortage or global price hike, these commodities become dearer. For what you buy a commodity today, you cannot have it on the same price a few days after.
What Rising Prices Do It has commonly been held that price rises are a normal part of a growing economy. This is a problem that has to be tackled at all levels and the common man needs some relief from the continuously rising prices.
It has shaken the faith of the people in the government. As a consequence, the inflation increases that makes life tougher for consumers around the globe. And finally, no hoarder, profiteer or black marketer should be left with impunity. Secondly, the same programmes of economic development as generate the new money incomes push-up the demand for certain goods wanted also by the consumer, such as agricultural products, fuel, housing materials and the like.
The laborers strike demanding high wages and the owners of the factories lock them up.Custom essay are various factors university of melbourne creative writing contribute to this rise in prices.
With more rise chasing less goods the prices take to the wings. Compounding this natural problem are other man-made problems like hoarding which contributes to the escalation of prices and price reasons are not far to write. Rising fuel prices essay.
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Problem of Rising Prices in India Out of the many problems that are facing India, the problem of rising prices is the most intricate. Although it is affecting universally, yet it has rendered the life of the poor impossible to pull on and the number of poor in India is far greater than the rich.
Price rise is a world phenomenon today and inflation is affecting every section (rich and poor) of society. About three decades ago we could purchase wheat at thirty rupees a quintal, but today we cannot get it at less than three hundred rupees a quintal in big cities.
Essay on Rising Prices Inflation – Essay 2 ( words) Introduction. When the prices of goods and commodities increase over a period of time in a sustained manner, the phenomenon is called inflation.
Essay on rising food prices. September 23, Leave a Comment on Essay on rising food prices. Love essay examples titles essays conclusions tips for scholarships what is conflict essay time styles of learning essay facilitation work abroad essay hook.
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