Sunday, September 18, 2011

Problems of Rising Prices in Nepal.

Nepal is a landlocked country. It is also an agro-based country. It is not developed. It is known as a developing country. There are many problems in Nepal. They are unemployment, illiteracy, over population growth, corruption, social evils and crimes and so on and so forth. The problem of rising prices is also a serious problem in Nepal.
 There are some causes of rising prices. Nepal has to import many things which are really expensive for the average Nepalese people. According to economists, growing economy of the world has given rise to the prices of the goods, but the purchasing capacity of the average people in Nepal is not rising. Similarly, rapidly growing population, corruption and scarcity of the goods are other causes of rising of prices. More people need more goods. Corrupt individuals can afford anything. When they pay high prices, rising of prices runs faster. Some of the goods are scare in our markets. More people demand these goods. High demand certainly increases the prices of goods. Thus, the main causes of rising prices are growing economy of the world, imports, over population growth, corruption, scarcity of goods and high demands.
 The poor are victimized by rising prices of goods. The rich can afford anything. The rich own the means of production. They pay the workers handsomely. Ultimately, the production become expensive. Poor people are likely to die of hunger. The daily needs are highly expensive. Extremely rising prices can result crimes such as theft, robbery, corruption and so on. Most of the people are poor here. They cannot afford expensive things. If the goods are not purchased, the factories can go bankrupt. The economy of the country certainly gets affected adversely if rising of prices goes up rapidly.
 In order to check this problem, two kinds of measures are to be adopted. They are short term measures and long term measures. As the short term measures, production should be increased to reduce scarcity of goods. The government should try to control it directly specifying the cost of goods. The long term measures is to uplift the economy of the country.
In Nepal, the rising of prices certainly affects the poor. The rich are not normally affected. The government should control the prices of goods by opening more factories and fixed-rate stores. Fixed rate stores automatically control the goods getting expensive.

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