Price rise
Price rise means increase in the cost of living. This situation arises because the population increases and there isn’t enough for everyone. Price rise is a manmade problem. As the income of the people increases, their demand for things also increases. The cost of all the items keeps increasing.
Producers of goods and services are interested in more profits so they increase the price. For example a farmer increases the price of his food crop, while a mill owner increases the price of the cloth he makes.
Price rise has also increased in India because of increase in the price of fuel products for transportation and running of machinery. When the price increases, the rich people are not much affected. Only the poor and middle class suffer due to price rise.
From the time our country became free from British rule we have not been able to control price rise. If prices are controlled, people can buy more things with their income and can lead a happy and satisfied life. The government must work to bring down the prices in the country.
- By Atul Ghadvi XI- C