Hi everyone, how are you all?
I think all are well by the grace of Almighty.
I am also good and fit by the grace of Almighty.
Today I am going to share an I'm an important economic process. I think already you know what I try to write today. Because you already read my article title so you got an idea about my today's topic. I think everyone has some idea about price spiral.
Price spiral means the rise of price of daily necessaries. Today price spiral is a common phenomenon in our economy. I think not only our country economy but also many others country faces this problems also.
The i price of essential commodities is increasing by leaps and bounds. The causes of price spiral are many.
Hoarding is one of the important factors for soaring price level. People hoard the essential commodities with an ill motive and as a result there is break down in the supply.
Smuggling and black-marketing are also important factors that cause price hike.
Essential commodities are always being smuggled across the border.The shortage of supply due to low production also accelerates the price hike of essential goods.
Our population is increasing in geometrical progress while the supply of food increases in arithmetical progress.
For this, the supply of goods is very scanty in comparison to our demand.
However, efforts should be made and necessary actions and proper measures should be taken to tackle the situation.
Hoarding should be controlled. Smuggling and black-marketing are to be eradicated. Adequate supply of essential commodities are to be ensured. ,
And last of all, the government should program to tackle the price spiral problem.
If price spiral has many advantage but it's has more disadvantage more than advantage .so its not prefer to any government.
I think all of you get an idea about price spiral. We should ensure proper demand and supply so that price spiral is an advantage. To do that government should take proper steps to stop smuggling and black marketing.
About photography contestSome days ago I have announced a photography contest. Tomorrow our contest was end. And I am publish the results on today nights( BDT-Bangladesh time ). Have more than 12 hours to publish result.
All participants are doing great work and also they upload good photos so it's really difficult to choose who is the winner 🥴
Thank you so much for reading my article. And also thanks for supporting me.
Special thanks for @Ashma for your great support to everyone. I am so much happy that I found you on this platform. You really help minded person. Thank you so much for everything .
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No more now.
Stay home stay safe.
God bless you all.
Goodbye.
Good morning, be safe n stay home too n i like your article, if i'm right, price spiral's also gross domestic product? I'm feeling a little better now unlike yesterday, thank for sharing this here, God bless n i'll wait n stay tune for the results n thank u again :)