Write a paragraph on 'Price Hike^{\prime} in 200 words.

Question

Accepted Answer

Price Hike Price hike is the rise in the prices of essential commodities. It is the widely discussed issue in the price market all over the world including Bangladesh. Price hike occurs when the prices of goods increase due to supply-side constraints. It also occurs as a result of increase in prices in the world. The hike or spiral in essential commodities usually occurs where there is a huge demand of a particular commodity than its supply. But it is a regular phenomenon in our country. Prices of essentials continue to rise almost every day. The impacts of price hike are manifold. The poor and underprivileged people are the worst sufferers. They find it difficult to pass their days affording food to the family members due to the increasing prices of daily essentials. The country's economy faces a meltdown for the price hike. What we need to do at first is to control the price hike of essentials. For that, we must check the syndicated groups of greedy businessmen who mainly increase prices of commodities to make more profits. The government must take effective steps to grow more food. Food security must be ensured.

HSC English 2nd Paper CQ — Write a paragraph on 'Price Hike' in 200 words.

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