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

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Increasing living cost is an emerging concern across the globe, many countries are struggling to manage
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situation it directly impacts the people and the economy.
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essay will analyse the effects and suggest probable measures to mitigate the problem.
Firstly
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, let us view the impact on individuals, owing to
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scenario deficit in income versus expense will be more
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they could not afford normal social benefits
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as education, medical, and entertainment.
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, because of the inflation the buying power of a common people will decline in turn,it will affect the cash flow in the system which significantly impact the economy
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for instance
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, if an individual could not afford to buy a car the automotive industry will slump
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it will directly impact the revenue of the industries eventually it leads to unemployment and pay cuts.
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the causes are highly regrettable some of the measures would supplement to recover from
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situation. The key factor to improve the economy is to correct the trade imbalance with import and export in the country in order to achieve
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task, the government have to promote schemes like a foreign direct investment (FDI), facilitating and encouraging the emerging entrepreneurs with financial support , ensure corruption-free governance and regulating the real estate. By making these efforts diligently we will easily come through
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crisis. To conclude, the increase in living cost is significantly impacting both individuals and the society
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situation would be mitigated by policy decisions along with effective and strategic governance.
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    • 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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