English, asked by akshiburman03, 3 months ago

Paragraph on rising prices about 150 words​

Answers

Answered by Anonymous
1

Answer:

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Explanation:

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.10 Lines on Rising Prices/Price Hike in English

The increase in the cost of goods and services is known as a price hike or rising prices.

An increasing population and increasing amounts of goods cause prices of commodities to rise.

A drought or a flood is enough to disrupt supply and increase prices.

As the purchasing power of a population increases, the demand for goods and services also increases, which results in a price hike.

Commodities such as petroleum, which are imported to a large extent, are subjected to greater prices than other commodities.

Artificial gaps in supply are created by unscrupulous operators such as hoarders, black marketers traditional traders.

A price hike or price rise has both economic and political consequences.

Reforms are needed to control hoarders so that a price hike for essential commodities doesn’t hit the common man brutally.

The middle class also finds it hard to make ends meet during a price hike.

Ordinary people are most commonly and severely affected because of price hikes

Answered by yoonababs
0

Answer:

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