→ Currently the prices of all essential commodities have resen high which has disturbed the balance of almost of all middle class family Write an article on price hike. Discussing the causes and consequences. Don't increase the length by 150 words.
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Answer:
The rapid increase in prices is causing anxiety amongst the people of India. Price rise is a world wide phenomenon and India is no exception. Prices of everything are sky rocketing, even of the essential commodities like gas, pulses, sugar, edible oils, tea, food grains, petrol, etc. What causes price rise and what effect it has on the people?
When the total demand is greater than total supply of goods and services, it causes prices to rise. However, what causes the demand to increase? Economists have pointed out that factors, such as increase in disposable income, consumer spending, public expenditure, black money, etc. are responsible for exceeding demand. Similarly there are certain factors, such as less or slow production, natural calamities, artificial scarcities increase in export, etc., which are responsible for shortage of supply.
Price-rise affects different people differently. Although it may not have much affect on the flexible income group. However, maximum hardship is faced by those belonging to the fixed income group. It is so because their salaries and wages remain the same but the prices of goods and services continue to rise.
In order to curb the problem of price rise it should be the joint effort of the government and the public to control it. There should be more fair price shops, Kendriya Bhandar, Safal outlets, etc. where the common man can shop for quality goods at a nominal price.
The Government and banks must keep a check on hoarding and black marketing and also stop repayment of public debt until price-rise is controlled within the economy.
As far as general public is concerned, they must reduce unnecessary expenditure and increase savings. This will reduce disposable income with the people and hence personal consumption expenditure.
In conclusion, it is evident that price-rise is a multi-headed monster, which must be defeated on time with proper measures to benefit not just the rich population, but the poor also.
Explanation:
Article
by mee.
What we can find as a major roadblock for our country's economic progress are the rising prices. Almost every consumer-oriented com modity like food articles is now high in cost. The essential goods that we need for our day to day survival are increasing in price every week/ month. Milk, fruits vegetables, groceries and grains which we need every day are so high in price that there is no question of buying or even thinking of buying more of the goods. There is a wide gap in the prices between the wholesale and the retail market. Indeed the fact is that neither the producer nor the consumer benefits, in the end, thanks to the middlemen whose f business is thriving. In such a condition, we find it difficult to make both ends meet. The income of the lower middle class is very low to meet the minimum expenses of the family. If this is so, then the condition of the poor is still pathetic. With 40% of poverty in our country below the poverty line, we can say that almost half the population remains hungry for the most part of the day. In spite of government subsidies to farmers. Poverty still prevails and the prices of food art icles remain high. The government should take a middle course wherein both produce and the consumer benefit, while the middlemen should not be the sole beneficiaries.
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