Price Hike -Paragraph - JSC-SSC-HSC - Gazi Online School
Price Hike -Paragraph
Price hike means the unusual increase in the prices of daily necessaries. Nowadays, it is a common phenomenon in Bangladesh. The problem is getting worse day by day. The prices of all commodities have gone beyond the reach of the mass people over the whole country. There are a number of causes of price-hike in Bangladesh. Market syndicate is mostly responsible for the price-hike in Bangladesh. Besides,. Some dishonest people store essential commodities with a view to making huge profit. This causes a sharp decrease in the supply of commodities in the market and as a result prices are increased. One of the factors which cause price-hike is less agricultural production due to natural disasters. For example, as a result of consequent floods and devastating cyclones, Bangladesh very often undergoes a severe food crisis.
Other causes may be mentioned as lack of
raw-materials, want of speedy communication, political instabilities increase
of prices in the international market, money inflation in national level etc. Price-hike
has created a deplorable condition in our society. Lives of general public have
been posed to a great threat. Prices of essential commodities have gone beyond
the capacity of the pool and the fixed income people. They are now helpless in
the question of survival. More or less,
almost people of all classes are suffering from the problem of price-hike. To
prevent price-hike, any syndicate activities are to be suppressed boldly and
inflation of money should be controlled. The Government should also emphasize
on the increase of production by applying scientific agricultural methods.
Agricultural sector should be given priority in the annual budget. At the same time.
Public awareness should also be raised against price-hike. Therefore, we need
to take all-out efforts to come out of these serious crises. Price-hike is such
a problem which cannot be solved overnight. The Government should take both immediate
and long term drastic steps to reduce price-hike.
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