Price Hike Paragraph

Rising Prices

Price hike means the cost of things we need every day going up. Nowadays, price hikes happen a lot in our economy. The prices of things we really need are going up really fast. There are many reasons why prices go up. One big reason is when people store a lot of things they need, trying to make more money. This makes it hard to get those things, so the supply breaks down. Another reason is when people illegally bring things into the country or sell them secretly for more money. This is called smuggling and black-marketing, and it also makes prices go up. Sometimes, there isn't enough of something because not enough is made, and that makes the price go up too. Our population is getting bigger and bigger, but we aren't making enough food and things at the same speed. This means we don't have a lot of things compared to what we want. But we can try to fix this. We can stop people from storing too much, and we can stop smuggling and black-marketing. We can also make sure we have enough of the things we really need. Lastly, the government can make a plan to solve the price hike problem.