Price Hike Paragraph HSC 2024, SSC & Class 8 Students

Paragraph on Price Hike (150 Words) for Class 5, 6, 7

When the product price gets higher and goes out of the control of general people we call that situation a price hike. This is a common problem for every developing country. The biggest reason behind this is the decrease in production and corruption between people. It is not an easy problem to handle. Sometimes due to a natural disaster, we get a lower amount of production and that can’t fulfill our demand. At that time the government imported that product from another country. But there are some man-made problems too, such as immoral businessmen storing too many products, black-marketing, an increase in the supply of money, and an increase in public demand. We can control this problem by solving these reasons. But the government should take some serious steps on that. Using the law properly can change the situation; otherwise, this problem can destroy the economy of a country.

Paragraph on Price Hike (200 Words) for Class 8, 9, 10

When the price of daily necessary things goes up and out of general customer’s affordability in that time we address that situation as Price Hike. Price hikes are a very common problem in countries like India, Bangladesh and Pakistan. We are a developing country and our economy is not stable. Because of several reasons, the prices of different things go up sometimes. The biggest reason for the price hike is a lower amount of production. When the production is lower, the government needs to import that product from another country and the cost goes up automatically.

There are some other reasons too. Some immoral businessmen store the products and make an imbalance in the market. That’s another reason behind this problem. When the supply of money increases too much, the price gets higher. This is a tough thing to control. The government should look after and control the market to keep the price balanced every time. Not only is our country almost every country suffering from this problem. We need to increase production and stop importing things from other countries. If we focus on production, we will be able to create millions of job opportunities for jobless people, will get things at a good price and the country will earn huge money from exporting.

Paragraph on Price Hike For HSC Batch Students 2024 (500 Words)

To be honest, most citizens of our country will consider it normal today and the long-lasting consequences of the price rise within our nation. The range of costs includes food, accommodations, education, health treatments, etc. In short, every need for the people. Countries in the developing world such as Bangladesh have many middle-income and poor citizens who struggle to provide necessities for their families and themselves. It is no surprise that the situation is significantly worse when the cost of goods rises significantly.

According to the way economic system, the tendency to gradually increase the price of items is normal. This is known as inflation. in which the cost of everything gradually rises over time. If currency value drops the cost of products will always increase. Because inflation is common in all countries to a lesser degree and a change in price at times is normal. But, the rate of price increase is different in that it is not the increase of all things but, rather a rise in the cost of one particular item or service. Knowing the process of price hikes is important.

The occurrence of an abnormal price increase can occur due to a variety of reasons. The reality of Bangladesh has to be fully learned to better understand the unusual price hikes. The demand for essentials is constant, and as the amount of products becomes less, sellers will increase prices. The problem is that the lack of goods is often purposely created to raise prices and make more profits. Suppliers and sellers in a syndicate choose to cause a shortage. The majority of the time it is due to the lack of regulation by the government.

These kinds of crimes are repeatedly ignored which enables the continuation of the work. The scarcity of food throughout the country is also a cause. If the products in the country are cut and imports fall the shortage of supply has to be addressed most effectively. The lack of proper control over the number of goods is the primary issue most often.

This is why there has been an increase in the cost of goods. Furthermore, the increase in the cost of services such as education, accommodation, treatment, etc. results from the rapid growth in inflation. Price hikes are one of the major factors as well. When total expenses increase and prices rise, it is to preserve the profits. Naturally, inflation and price rises impact every aspect of our needs in the same way.

The effects of price increases fall predominantly on the people who are middle and poor everywhere. It is evident in the items we require in our everyday lives. The price increases in food items won’t stop people from seeking alternatives, since our habits of eating don’t change significantly. Instead, those who are poor consume less food, making them more vulnerable. They have been forced to select more expensive alternatives when the cost exceeds their capacity.