Price hike is a very important topic for the ssc and hsc exam. As a trending topic in today’s world, price hike is seen as a big challenge in our nation and has the potential to significantly affect people’s lives and the economy. If you are preparing for SSC or HSC exam, you should give importance to Price hike paragraph. Continue reading to find out 100 words, 200 words, 250 words and 300 words paragraph samples that will give you a clear idea what points you need to add in your paragraph in the exam.Â
Price hike paragraphÂ
- 100 words
Price hikes have become a commonplace in today’s world, which has strong effects on consumption and organisational operations. The hike in the prices of the products and services is caused by a number of factors such as supply chain disruptions, inflation and demand fluctuations. Consumers have to struggle with their budgets as a result of the price hikes, which may force them to make hard decisions about their spending. Vital items such as food, housing or health may become less affordable and thus will leave people with less standard of living. The businesses, however, encounter a problem of remaining profitable while having to comply with the requirement of keeping up with competition and having loyal customers.
- 200 wordsÂ
The price hike of items is now considered a major problem in Bangladesh. Rising prices of necessities like food, fuel, heat and light bills, and service rates have drastically increased the burden on low-income household’s shoulders. Not only are necessities becoming more expensive, but occasionally they become unavailable. Well-known merchants hoard items and resell them in black. Food adulteration is another dishonest business practice that poses serious health risks. Sugar, cooking gas, kerosene oil, and a host of other necessities are occasionally lacking. Every year, the cost of cooking gas, gasoline, and a number of other necessities goes up. In addition, the cost of buses, taxis, trains, and flights is always rising. The rich flaunt their money, while the impoverished struggle to make ends meet.
As a solution to this problem, the government of Bangladesh has taken a number of practical steps, such as subsidies, price controls, and product stabilisation measures. But this is a challenging task that needs integrated solutions like promoting domestic production, diversifying import sources as well as policies that create economic stability and sustainable growth. But if the rich keeps getting away with scams and crimes, it is hard to manage the inflation.
- 250 WordsÂ
If you are asked to write a price hike paragraph of 250 words, here is an elaborated sample-
Price hikes are the talk of the town everywhere around the world. It impacts all facets of society. Nearly all necessities now have significantly higher prices compared to a couple of years ago. The fixed-income group and those in the lower-income category suffer mostly as a result of this. The government of today burdens the already stressed populace with exorbitant taxes. As a result, a large amount of money ends up in the hands of dishonest officials and leaders and government spending. Massive taxes are another consequence of black marketing, as people hide their true income.
A number of supply-side variables, including inclement weather, a shortage of cold storage, and a shortage of warehouse facilities, contribute significantly to price increases. A significant portion of fruits and vegetables are wasted due to insufficient cold storage facilities, which impacts supply and drives up costs. International pricing affects commodities like petroleum, which is mostly imported. Consequently, these commodities increase in price the moment there is a global scarcity or increase in price.
The opposition parties use the price increases as a political tool to criticise the government. They are trying to demonstrate their support for the average person by doing this. Nevertheless, there is no denying that, in the end, the average person is the one who is most significantly impacted.
- 300 Words
For HSC exam, students need to write price hike paragraph of 300 words. Below is the sample you need to check out for that.
One of the most urgent problems people and communities are facing in today’s dynamic economic environment is the ongoing increase in costs in a variety of industries. Price hike, commonly referred to as inflation, affect a wide range of products and services, such as necessities like fuel, housing, healthcare, and basic commodities. This creates serious problems for both businesses and consumers. Growing pressures face business owners and manufacturers due to rising labour, raw material, and transportation costs. Businesses may cut employee perks, lay off employees, or pass on cost increases to customers in an effort to retain profitability, further taxing their ability to pay.
Price hikes are impacted by a number of variables, including shifts in production costs, global market trends, government regulations, and imbalances in supply and demand. Consumers’ purchasing power declines as prices rise, which lowers their standard of living. Low-income households bear the most brunt of this burden.
Price increases have effects that go beyond temporary financial difficulties. They have the potential to intensify social discontent and income disparity in society. The gap between the wealthy and the marginalised grows as living expenses rise, which could exacerbate unhappiness and discontent. To lessen these effects, ensure equitable resource allocation, and protect the welfare of all individuals, governments and legislators must devise policies.
Ensuring appropriate measures are in place to manage market dynamics and promoting sustainable economic policies are critical to mitigating the negative effects of price spikes. To lessen the burden on consumers, governments can put policies like price controls, subsidies, and market stability programs into place. A more balanced economic environment can also be promoted by investing in industries like infrastructure and agriculture that have a direct impact on price stability.
Conclusion
These price hike paragraph samples should give you an edge in the SSC and HSC examination. You can include important points like the causes of price hike, Impact on consumers, Impact on businesses, government interventions, long-term solutions to make it better. Try to keep it simple and to the point to get good marks.
