Answer the following questions to write a paragraph on 'Price Hike'.
(a) What is price hike? (b) What are the reasons of it? (c) What is the impact of it in society? (d) Who are the sufferers of it? (e) What can be the remedies?
PRICE HIKE
Bangladesh is burdened with various kinds of problems. Over population, unemployment, political unrest, load shedding-all these are common incidents of this country. In such a situation, price hike is another problem which had added a new dimension to this problem. Price hike is a serious bane on the economy of Bangladesh. The vast majority of the consumers are hard hit by the recent hike in prices of the daily necessaries. Price hike is caused by short supply of commodities and inflation. The price hike that results from short supply of commodities is temporary. The prices come down if their supply is enhanced. But the price hike caused by inflation cannot be controlled by easy efforts. Whatever may be the cause, price hike causes a lot of hardships and sufferings to people. The fixed income group of people are severely affected by it, because they have to maintain their families with their low and fixed income. It is very difficult for them to meet up the excessive load. Usually, they have to buy less or inferior quality items. They find it difficult to make their both ends meet. They have to go without many things that are necessary to lead a normal life. The poorer sections of the people are the worst sufferer. Price-hike leads to the widespread corruption and moral degradation. If price-rise continues at this prevailing degree, the people of our country may face starvation at a large scale. It would be great sorrow. Therefore, we must come forward to do something so that the prices of our essential things can be kept under control.
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