Introduction: Bangladesh is a small country with growing problems. Among all problems, price hike is a great one-. The problem has spread its evil clutch all over the country. Prices of everything are increasing day by day. People of fixed and limited income are suffering a lot. All are getting concerned with this problem.
What is Price hike? When price goes out of buying capacity, it is called price hike.
Causes: There are many causes behind it. The first and foremost cause is over population. The small country cannot produce enough food for its increasing population. Man made crisis of commodities is another cause. Dishonest business men do it for higher profits. Business syndicate, smuggling and corruption are also responsible for it. Our political instability greatly contributes to it. Natural calamities help to increase prices. Price hike also depends on international market. Besides, anarchy and unawareness are responsible for it.
Price hike effects: The effects of price hike are many. Most of the people are living under poverty line. So, their condition is becoming so miserable. Many of them have to remain hungry almost everyday. The poor children are leaving school in despair. There is no light of hope for them. They are working and struggling for survival. Thus child labor is increasing. For price hike, many are becoming sick for want to balanced food. They cannot afford to buy any medicine. For price hike, the poor are become poorer. The problem of price hike is hindering overall development of our country. It is so horrible.
Ways of solution: We have to take some immediate steps to bring down prices of essential commodities. At first, we have to control our population. Food production must be increased as soon as possible. Dishonest business men must be punished. For keeping price under control, we need political stability. The government should import essential commodities for a stable market. Farmers should be given easy loan to produce food. The government should store food to cope with any natural disaster. The government should also sell essential for the poor at a low price.
Conclusion: in fine, we can say that price hike is a great problem. It should be solved at any cost. It is high time to solve the problem. Conscious people should work together with the government in this regard. Otherwise, we all fail into a great danger.