Write a small paragraph on Inflation (rising prices)..
Answers
Answer:
A higher supply of money without concomitant supply of goods would lead to a situation of inflation
Explanation:
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Rising prices means economic imbalance in the country which is a serious threat to the society as a whole.Now a days, prices are rising day by day so essential commodities are shooting up as a flier. Items like rice, pulses, etc. are getting out of reach. Inflation has badly affected the daily wages and fixed income group. They have to struggle hard to keep their body and soul together. It leads to the corruption and crime. Government should take ample steps to check the price line, otherwise it is bound to begin economic explosion leading to social injustice, criminal malpractices and economical imbalance.