The price of necessities of life are increasing day by day. This is posing a huge burden on daily wagers,general public and poor people. It has become a universal problem . This problem has attained accute form in developing countries like Pakistan. The majority of people in Pakistan belong to low income group. These people are hard hit by increasing prices of essential goods of daily life .Inflation has adverse effects on different section of society. Many people use unfair means to buy necessities of life. In this way there is increase in the number of pickpockets in the society .Some government that hardly makes both end meet accept bribe .In this way they promote injustice and cruelity.
Inflation is taxation without legislation
Inflation also affect businessmen and they resort to adulteration, hoarding and other unfair ways to increase there profit value
There are many factors that play an important role in inflation .The first and major factor is increasing population. The population of Pakistan is increasing at a rapid fast rate but our economic resources have not increased it results in inflation. The second factor that contributes in inflation is that demand is higher than supply.If the production is disturbed by strike of workers or other reason it also cause inflation. The third reason is that sometimes government impose tax or levies on commodities. This also give rise to inflation.
There are some solutions for this problem.
- We should make a vigorous propaganda in favour of family planning
- Government should not impose tax ,levies on things that are used by general public
Hope for the best.
Fact Finder 