Contest : How To Control Inflation || 29 march 2024

in Steem Entrepreneurslast month

HELLO
MY DEAR FRIENDS
This is @habiba01 from bangladesh


Assalamu Alaikum friends, how are you, hope you are all well by the grace of Allah. Alhamdulillah I am also fine by the grace of Allah.

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Today I am going to share with you about inflation. In our country, the prices of market goods are constantly increasing economically. I am going to share with you how it is going and what the government should do. In most parts of Bangladesh, people are facing economic crisis due to inflation. The price of goods is increasing compared to before. Hope you like it.


Express your views on how to reduce inflation.

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How to reduce inflation In my opinion, I am saying that we should reduce the tariff on energy products of our country. Foodgrains and other essential commodities should be provided to the public at fixed prices. We all have to deal with natural disasters and build food reserves. Action should be taken against hoarding businesses.


Explain how product inflation occurs.

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As a result of the increase in the price of goods in the international market, inflation occurs within our country. If the price of goods increases in our country, it costs more than half to import those goods. As a result, products are sold at higher prices in the market. Those products have to be purchased by spending more money than before. Due to these reasons, product price inflation occurs.


What is the reason why inflation is higher in the village than in the city?

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Inflation tends to be higher in rural than urban areas, mainly due to higher food prices. About 70 percent of our population lives in Bangladesh. Vegetables, rice, fish, poultry etc. are mostly supplied from the city to the village. Therefore, inflation is higher in villages than in cities.


Explain what role you think the country's government should play in reducing inflation.

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To reduce inflation, the government of the country should deal with the economic crisis in Bangladesh like many other countries. Government should go for analytical policy. For example, the corporate tax rate has been reduced in various ways over the past three years. The objective was to encourage investment. Bangladesh Bank's latest monetary policy will help curb the country's ongoing inflation. Economists have made 10 recommendations in the next budget, including controlling inflation and increasing revenue. These are reducing subsidies and budget deficits, reducing domestic borrowing and increasing external borrowing. This is how the country's government should reduce inflation.


I invited some of my friends. I hope all my friends will participate in the competition
@radleking @dave-hanny @chefdanie


I don't know how you feel about today's inflation. Everyone has a different opinion. I shared my opinion with you. Maybe not very well. I shared as much as I could. Inflation is one of the economic problems of our country. Which people need constantly. Hope you like my opinion. Everyone will be fine and healthy, please pray for me. Allah is Hafez.


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My Phone Details
DeviceRealme C11
CategoryContest
Photographer@habiba01
LocationRangpur Bangladesh


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❤️‍-Thanks Everyone-❤️‍


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