Essay on rising prices and its effects

Wheat flour which was about Rs. Evils of corruption, bribery, smuggling and illegal gratification deep-rooted in the society must be rooted out. In an economy, there are some people who live on interest income—they suffer most.

Evidently, in such an environment, leaving essential medicines to market forces alone to determine prices would be fraught with grave risks to public health in a country with inadequate health services and limited purchasing power of the people.

A rise in the prices of these good naturally means less value for their income which is already low. Many farmers in Andhra Pradesh have committed suicide because they were facing hunger. Such an increase will immediately raise the cost of electricity generation and fertilizer production, The prices of the two sources of energy -gas and electricity will automatically affect the while range of economic activity and inflationary trend will get a bin boost, making the life of the common people more miserable.

Price level will continue to rise until aggregate demand equals aggregate supply. This is evident from the fact the prices of all the commodities have risen over the years.

Short Essay on Rising Prices

It also leads to rise in poverty. That in turn brings down productivity leading to further increase in prices. An inflationary situation gives an incentive to businessmen to raise prices of their products so as to earn higher doses of profit. But sudden and acute rise in prices causes an all-round spiral effect on prices that makes the life of common people miserable.

Pays have gone higher, but the employs are not satisfied.

Short essay on rising prices of commodities in India

Others argue that if annual price rise goes slightly beyond 3 p. The purchasing power of the rupee is continuously falling. Open inflation may then result in hyperinflation. For instance, an overall increase in excise tax of mass consumption goods is definitely inflationary.

This is done to reduce money in circulation, and generally the measures prove effective. Inflation and unemployment are the two most talked-about words in the contemporary society.

As a consequence, the higher inflation rates have devastating impact on both production and consumers that leads to big difference between oil importing and oil exporting nations. Rising inflation rate is a sign of failure on the part of the government.What is the effect of a price increase?

The conventional answer that quantities consumed will decrease along a demand curve doesn’t always apply in health care. But the copayment may be a small part of the total, and the copayment may not rise at all with a price increase. An increase in the price the manufacturer charges for a drug.

The cities are expanding in every sense of the word. The trade, business and other activities are increasing.

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Essay. In other words, inflation is a state of rising price level, but not rise in the price level. It is not high prices but rising prices that constitute inflation.

It is an increase in the overall price level. A small rise in prices or a sudden rise in prices is not inflation since these may reflect the short term workings of the market. Mar 12,  · English Essay on "Rising Prices And The Common Man" Rising Prices And The Common Man Though rising prices is not a new phenomenon, yet the common man tends to compare the current prices with those prevailing during the past few years.

The Effect of Oil Prices on the Food Industry Essay - When the oil price skyrocketed inmost industries had to bear this price, and the food industry was no exception. The present food sector, including its price is highly transport and fuel dependant.

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Essay on rising prices and its effects
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