ইংরেজি ২য় পত্র প্রশ্ন

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Causes and Effects of Price Hike

Price hike refers to the continuous and unusual increase in the prices of daily essential commodities, making them unaffordable for ordinary citizens. In recent times, it has emerged as one of the most critical socio-economic problems in Bangladesh. There are numerous causes behind this alarming phenomenon. Primarily, inflation, disruption in the global supply chain, and international market volatility significantly push prices upward. Locally, illegal hoarding, syndication by dishonest business cartels, and black marketeering create artificial shortages of goods. Additionally, the rising cost of fuel and transportation, crop failure due to adverse weather conditions, and political instability further aggravate the crisis. The effects of price hike are devastating for the general populace, especially for low-income and fixed-income families. As basic foodstuffs like rice, oil, vegetables, and pulses become costlier, poor families are compelled to compromise on nutrition and healthcare, leading to widespread malnutrition and health hazards. Many families are forced to cut down on education expenses for their children. Moreover, price hikes widen the gap between the rich and the poor and induce social unrest, anxiety, and petty crimes. To alleviate this distress, the government should take stern actions against unscrupulous syndicates, strengthen market monitoring, ensure fair distribution through open-market sales, and boost domestic agricultural production.