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2.

Write a paragraph on 'Price Hike' mentioning its causes and effects. (within 200 words)

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AI-generated sample answer

Price Hike

Price hike refers to the continuous and unusual increase in the prices of daily essential commodities. At present, it has become one of the most critical socio-economic problems in Bangladesh. The prices of rice, pulses, edible oil, fish, meat, vegetables, and fuels are escalating rapidly, pushing them beyond the purchasing capacity of ordinary citizens. There are several reasons behind price hike. Dishonest traders and hoarders create artificial crises through market syndicates to maximize their illegal profits. Besides, low agricultural production due to natural disasters, high transportation costs resulting from fuel price escalation, inflation, and global economic instability also contribute significantly to this crisis. The adverse effects of price hike are devastating. It affects poor, fixed-income, and middle-class people the most. They struggle to afford balanced diets, basic healthcare, and children's education, leading to malnutrition, poverty, and frustration in society. Many families are forced to cut down on their daily meals. To curb price hike, the government must take strict legal action against market syndicates, hoarders, and middlemen. Open Market Sale (OMS) programs should be expanded, and domestic production must be encouraged to stabilize market prices.

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