Essay On THE PROBLEM OF RISING-PRICES

Introduction

Problem of rising-prices is the burning problem at present. Prices of all goods have been rising very rapidly. They have gone up twenty times in twenty years.

Causes of rising prices:

1. A developing country. India is a developing country. In a developing country prices are bound to go up.

2. Hoarding tendency. There is no actual shortage of anything in the country. But there is shortage of honesty only. The businessmen create artificial shortage of food grains. So the prices go up day and day.

3. Population explosion. Our population is increasing very rapidly. Now our population is more than 100 croes. Food grains have not increased in proportion of increase in population.

4. Deficit financing. The deficit financing in the plans is also responsible for the soaring prices.

5. Useless plans. Much money is spent on some plans which do not seem to be useful.

6. Increase in the prices in raw materials. Producers say that there is a rise in the prices of raw materials. So there is an increase in the manufacturing cost.

7. Defective taxation policy. Some people say that the taxation policy is defective and needs change to bring the prices down.

8. Investments. The government is making investments in the industries which will show the benefits after a long time.

9. No adjustment between demand and supply. There is no proper adjustment between demand and supply.

10. Fault with officials. Some government officials are corrupt. They are quite indifferent towards the seriousness of the problem.

Remedy

The rising prices should be checked at once. The government should take drastic steps against hoarding and black-marketing. Production should be increased. Distribution of national wealth should be made fair and effective. The-government must take over the trade of important food grains such as wheat, rice and sugar. The circulation of black money must be controlled at all costs. The growing population should be brought under control. Deficit budgets should be discouraged. Sense of patriotism must be created by our leaders who should be far corruption. Public should co-operate with the government. Our slogan must be “Down with Prices”.

Conclusion

If these suggested steps are taken the prices will surely go down. Of what use are our plans if the life of the common people is full of misery? Our government must realise this truth and check the ever rising prices.

Vocabulary

Shortage- deficiency, Hoarding- to treasure up with the intention of making profits, संग्रह करना। Artificial- fake, Foodgrains- cereals, Manufacturing- of production, Defective- flawful, Indifferent- unconcerned, उदासीन। Drastic- stern, कठोर। In proportion- in ratio, Deficit- excess of liabilities over assets, घाटे से।

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