In many countries the cost of living is rising. What are the effects on individuals and society? What measures can be taken to deal with this problem

Increasing
in
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apply
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living cost is an emerging concern across the globe, many countries are struggling to manage
this
situation it directly impacts the people and the economy.
This
essay will analyse the effects and suggest probable measures to mitigate the problem.
Firslt
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First
Firstly
, let us view the impact on individuals, owing to
this
scenerio
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scenario
deficiet
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deficit
deficient
in income versus expense will be more
hence
they could not afford
a normal social benefits
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normal social benefits
a normal social benefit
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such
as education, medical, and entertainment.
secondly
,
beacuse
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because
of the inflation the buying power of a common people will decline
inturn
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in turn
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it will
effect
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affect
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the cash flow in the system which significantly impact the economy
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,
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for instance
, if an individual could not afford to buy a car the automotive industry will slump
further
it will directly impact the revenue of the industries eventually it leads to unemployment and
paycuts
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pay cuts
payouts
.
Although
the causes are highly
regretable
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regrettable
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some of the measures would
supplyment
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supplement
to recover from
this
situation.
Key
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The key
A key
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factor to improve the economy is to correct the trade imbalance with import and export in the country in order to achieve
this
task,
g
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the
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overnment have to promote schemes like
f
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a
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oreign direct investment (FDI), facilitating and
encouraing
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encouraging
the emerging
entrepreners
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entrepreneurs
with financial support , ensure
corruption free
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corruption-free
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governance and regulating the real estate. By making these efforts diligently we will easily come through
this
crisis. To conclude, causes
to
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the increase in living cost would be mitigated by policy decisions along with effective and strategic governance.
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  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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