The cost of living is higher in many countries. What is the effects of higher prices to individuals and society? What is the best way for people to deal with this problem?

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Nowadays, the living costs of many nations have increased dramatically.
This
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trend has serious impacts on
people
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and the community. In
this
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essay, I will discuss the consequences of
this
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issue and how to alleviate the same.
To begin
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with, urbanization has led to rapid developments in many
countries
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.
As a result
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, all the luxuries are available to citizens at very high prices.
This
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trend has two principal effects on society. One of them is inflation; a plethora of
countries
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have started selling their resources at extremely high prices.
For instance
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, in certain South Asian
countries
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like India, the prices of petrol and diesel have almost doubled in a span of two months. Another major impact of
this
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trend is that
people
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have started engaging in unlawful activities which increases the crime rates. In order to survive,
people
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have started taking a step in the wrong direction which is not good for society. To tackle
this
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situation, government bodies should take steps in the right direction.
To begin
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with, reducing subsidized rates on certain commodities can bring a lot of relief to the
people
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.
People
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should be encouraged to develop a few items in their home
countries
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to save the duty fees and generate sources of income.
For instance
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, the popular "Make in India" movement has motivated many individuals to generate new products and secure a fixed income.
In addition
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, even the
people
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should manage their day-to-day expenses and spend only as per their needs. Proper money management
thus
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, will help individuals to deal with
this
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problem effectively. To conclude, the costs of living across the globe have increased significantly.
This
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problem can lead to higher crime rates and the best way to tackle
this
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problem is appropriate money management.
Submitted by rudridave.c on

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Answer the 'Problem and Solution' topic

Problem-and-solution essays fall naturally into two parts, the first describing and exploring the problem, the second setting out the solution or solutions.

You essay structure should look something like this:

  • Introduction
  • Body paragraph 1 – Problems
  • Body paragraph 2 – Solutions
  • Conclusion

Examples to start your body paragraph:

  • One of the first problems of the...
  • Another problem that needs to be considered...
  • A possible solution to this problem would be...
  • One immediate practical solution is to...

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Topic Vocabulary:
  • cost of living
  • higher prices
  • financial burden
  • quality of life
  • social inequality
  • disposable income
  • poverty rates
  • cost-saving measures
  • skills and education
  • sustainable lifestyles
  • alternative lifestyles
  • government policies
  • government regulations
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