"The cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run." ― Henry David Thoreau, Walden

The problem of price-rise is one of the serious things today. It is very common these days that the prices of essential commodities are going high day by day. The problem of price-rise has become very serious that the government is unable to control the prices of necessary goods. Even the rise in prices is very natural in the fastest growing country like India. But when it is out of control, it causes great difficulties for the masses. If the problem is not tackled in a proper way, it may take a serious turn.

There are many causes responsible for high prices. Such a rise in prices might be due to natural calamities like floods, earthquakes, famine and pandemic disease. The other reasons for soaring prices may be Inflation, bribery, corruption, black marketing, hoarding, smuggling, profiteering and many other anti-national and anti-social tendencies. Overpopulation is also one of its major causes. People buy more things than they actually need. Price-rise is also the mentality of the people who want to become a millionaire in a night.

High prices have a very bad effect on people. These rising prices increase the cost of living. It is deplorable that a small group of businessmen earns a lot of money by unfair means of hoarding essential goods. For this tendency, a vast majority of people have to suffer untold hardships. If the present position continues, The middle-class people will not be able to maintain their position in society.

The government is aware of this problem. It is trying to increase the production of essential goods and also trying to distribute them in a fair and effective way. Hoarders and black-marketeers should be severely punished. The growth of the population should be checked. The public sector should be encouraged. The government should take over the trade of essential goods.

It is the duty of the government to find out new ways to increase production and should maintain a balance between demand and supply. Also without the support of people, the government alone could not solve this problem so it is not only the government's duty but also our responsibility to support the government.

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