Wednesday, January 23, 2013

Price-Hike in Bangladesh

Introduction: price-hike means the unusual increase in the price of daily necessaries. Nowadays, it is a common phenomenon in Bangladesh. The problem is getting worse day. The prices of all commodities have gone beyond the reach of the mass people over the whole country.

Causes of price-hike: there are a number of causes of causes of price-hike in Bangladesh. Market syndicate is mostly responsible for the price-hike in Bangladesh. Besides, some dishonest people store essential commodities with a wine to making huge profited. This causes a sharp decrease in the supply of commodities in the factors which causes price-hike of less agricultural production due of natural disasters. For example, as a result of consequent floods and devastating cyclones, Bangladesh very be mentioned as lack of raw-materials, want of speedy communication, political instabilities, increase of prices in the international market, money inflation in national level etc.

Effects of price-hike: price has created a deplorable condition in our society. Lives of general public have been passed to a great threat. Prices of essential commodities have gone beyond the capacity of the poor and the fixed income people. They are now helpless in the question of survival. More of less, almost people of all classes are suffering from the problem of price-hike.

Ways to prevent price-hike: to prevent price-hike, any syndicate activities are to be suppressed boldly and inflation of money should be controlled. The government should also emphasize on the increase of production by applying scientific agricultural methods. Agricultural sector should be given priority in the annual budget. At the same time, public awareness should also be raised against price-hike. Therefore, we need to take all-out efforts to come out of this serious crisis.

Conclusion: price-hike is such a problem which cannot be solved overnight. The government should take both immediate and long term drastic steps to reduce price-hike.