Question

Article on 'Price Hike' (class 9)!!​

Answer 1

Answer:

The price rise is a world phenomenon of today, and inflation is affecting every section of society. Our country is also facing this problem. The prices of almost all necessary goods have gone up. This creates great hardship and difficulties for the fixed-income group or those belonging to the lower-income group. Today’s government imposes high taxes on the already overburdened citizens. This leads to a lot of funds going into the government expenditure and corrupt leaders and officials’ pockets. Black marketing also leads to massive taxation as people conceal their actual income.

Corruption must be ended at all levels. Bribing is common in most government offices, leading to the rise in the price of goods and commodities. This leads to an irregularity in the market and in addition to the burden of the common man. Rising prices are a problem that has to be tackled for the nations well being.

Answer 2

Answer:

The rapid increase in prices causes anxiety among the people. Prices of everything are skyrocketing, even of the essential commodities like gas, pulses, sugar, edible oils, food grains, tea, petrol, etc.

Economics pointed out factors such as disposable income, black money, spending, public expenditure, etc., are responsible for exceeding demand. Similarly, certain factors, such as low or slow production, natural calamities, etc., are responsible for the supply shortage.