Write a Paragraph Price Hike/Price Spiral ?

Price hike / Price Spiral

Price Spiral

Price hike is a common experience today. Prices rise all the time and seldom come down. It becomes difficult on the part of the people to maintain their daily expenditures. Because our expenditure is increasing day by day but income does not increase at the same rate. There are various reasons for price hike: Natural and artistic. We have a huge and ever-growing population. Our demand is always greater than our supply. As a result our population is less than our actual cost, which also helps increasing prices. The most important reason is the profit motive in man. Some people want to earn money very quickly. They hoard goods and create artificial scarcity of goods in the market. The black marketers, smugglers also contribute to price increase. In our country, the middlemen between the producers sand the consumers take the lion’s share of profit. The extortionists and the political parties collect money from businessmen and these aggravate the problem. The government has a responsibility to cheek corrupt practices. Since price hike creates problems to most of the people, it should be strictly protected for the welfare of the common people. We must try to boycott a commodity that shows unnatural price rise.

Prepared by:

Rayhane jannat Baby

Lecturer, Department of English, Comilla.