Price Hike Paragraph in English || Learning Paragraph The Easy Way

February 02, 2024 0


 Price Hike

Price hike means the rise of the prices in essential goods. At present, It is the widely discussed issue in the price market all over the world including Bangladesh. There are many reasons of it. Firstly, Short supply of daily goods and inflation are mainly responsible for price hike. Sometimes dishonest businesspersons and hoarders artificially raise price for making more profit. The price hike may also causes due to flood and fault of rail and road communications. There are some bad impacts of it in our society. Price hike decreases our living standard and increases corruption in our society. Price hike increases the sufferings of the common people. The poor and the middle class people of our society are affected by it. Nevertheless, the worst sufferers of it are those who live from hand to month. We also need to grow public awareness. Government, media and educated people should come forward and take proper steps to control it.



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Price Hike

In our day to day life we are facing new kinds of problem. At present, price hike problem is one of them. It occurs when the prices of goods increase due to supply-side constraints. It also occurs as a result of increase in prices in the world. The hike or spiral in essential commodities usually occurs where there is a huge demand of a particular commodity. But it is a regular phenomenon in the country. Prices of essentials continue to gain almost every day. There are some bad impacts of it in our society. Price hike decreases our living standard and increases corruption in our society. Price hike increases the sufferings of the common people. The poor and the middle class people of our society are affected by it. Nevertheless, the worst sufferers of it are those who live from hand to month. The constant rise in price contributes to the manifold problems of the poor. The country’s economy faces a meltdown for the reason. What we need to do at first is to contain the price hike of essential. For that, we must check the syndicated groups of businessmen who mainly increase prices of commodities. The government must take effective steps to grow more food. Food security must be ensured. Dependency on foreign loan at an exorbitant rate of interest must be decreased. Huge employment generation can also help beat true price hike.


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