Question

Editor of
Q2 Write a paragraph in "Soaring Price "In about 100 120 words. S​

Answer 1

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.

Economists consider a rise in prices as a sign of development and prosperity. But in the last two decades, costs of almost all the essential commodities have been rising at an alarming rate. These soaring prices have caused great unrest and frustration among the people. The individuals belonging to the middle class and the salary people are struck. Evils of corruption, smuggling, bribery, illegal gratification, and such sins of the society have to be eradicated before anything else. All the more, the soaring rates have become a significant threat and an open challenge to the government and have shaken the people’s faith.