It is also called "price hike". It is the worst of all the problems of a community because it directly hits the poor class. The people of low class remain busy in meeting their basic needs. Sometimes inflation is caused because of the slump in the international market, but most of the time it is caused by the internal collapse of the economic infrastructure.
In the language of economics, it is called inflation. We are making more and more rupees, but less and less money with real purchasing power. Our wallets are getting bigger and shopping bags are getting smaller.
Something that cost fifty rupees a few years ago now costs sixty rupees to repair. Anyway, the problem of price hike has reached alarming proportions in Pakistan.
The poor and the middle classes find it extremely difficult to cope with the huge dimensions of this grievous problem. The only way to beat the high cost of living is perhaps to stop living. Inflation does rise its ugly head when the prices and the supply of money continue to increase at the same time.
There are so many causes of inflation, but the major one are the increase in demand and no corresponding increase in the output of goods and services. As far as the demand is concerned, it may rise due to various economic factors, namely, increase in the supply of money, increase in disposable income, increase in salaries or wages and increase in population.
All these factors are fully operating in our country. Besides the deficiency of capital supply, natural calamities like famine, floods, fall in industrial output, reduction in production, etc.
In under-developed countries, inflation and unemployment usually exist side by side. Income is something you cannot live without or within. Thomson In Pakistan, inflation started in the early seventies.
It was caused by the fall in investment due to nationalization. The necessary rise in salaries and wages further added to the pressure. Despite the efforts and promises of the different governments, inflation has been growing year after year. Anyhow, inflation is an economic evil and a great curse for the society.
It surely causes uncurable social and moral damages. Society having the high rate of inflation is a loser as a whole. It has diminished peoples trust in the government. Unchecked growth in population has really worsened the situation.
Essay on Importance of English Language with Quotation The government has recently announced that magistrates and even ministers will visit bazaars regularly to ensure that there are no price hikes. However, more than visits are required to keep prices in check.
The fear is that a further spurt will be witnessed in the coming months, especially during Ramazan. Prices of most vegetables and fruit have risen dramatically over the past few months despite an adequate supply was available and no shortage reported from anywhere.
This is a clear case of profiteering by large sections of wholesalers and retailers. The government should take notice of the prevailing situation in markets all over the country and try to enter into some understanding with the representative bodies of the traders on maintaining the normal price level all the year round.
Where called for, magistrates should also initiate raids to check prices as well as to maintain the quality of items being sold in the market.
Beware of little; a small leak will sink a great ship. Franklin It would not be fair to hold the government alone responsible for checking the rise in prices. The public too must play a part through consumer resistance and not let the profiteers to have their way.
In this regard, consumers awareness on such issues as price and quality must be raised by the NGOs which are always quite vocal on public issues. This can be done with the help of the mass media so that people may understand why they should allow the shopkeepers to ask for prices higher than the official rates.
It should be made sure that every shopkeeper displays the rate list quite conspicuously. Main Causes of Inflation The traders and shopkeepers who get involved in amassing unlawful and unreasonable profit should be arrested and awarded severe punishments.Read also: Our National Hero Quotations Essay FSc Second Year.
Income is something you cannot live without or within. Thomson. In Pakistan, inflation started in the early seventies. It was caused by the fall in investment due to nationalization. The necessary rise in salaries and wages further added to .
Honey Notes: Important Essay on Rising Prices in Pakistan for Every Students Important Essay on Rising Prices in Pakistan for Every Students Inflation is a term of economics which means an increase in the prices and fall in the purchasing value of money.
Free Essay: Problem Statement Rising rate of inflation in Pakistan in last decade, factors that impact this rise in inflation. The factors are monetary i.e. Inflation Essay. Inflation Introduction and Definition Inflation is a phenomenon which happens world wide.
It causes many problems to countries all over the world. Inflation is the rise in the general level of prices. When inflation occurs, each ringgit of income will buy fewer goods and services than before.
Historically, from until , Pakistan Unemployment Rate averaged 5. 8% reaching an all-time high of 7. 8% in June of and a record low of 3. 13% in December of We will write a custom essay sample on. Inflation in pakistan essay palabras cram, inflation essay inflation introduction and definition inflation is a phenomenon which happens world wide it causes many problems to countries all over the world inflation is the rise in the general level of.