In some counntries, the cost of living is rapidly increasing. What do you think may be the reasons for this? What effects might this have on society?

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In the
last
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decade, there has been a tremendous increase in the
cost
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of living in the majority of places. From my perspective,
this
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could result from inflation and increased money supply from the wealthy citizens of
countries
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.
This
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essay will outline the reasons for increasing living costs and the possible outcomes of it.
To begin
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, the primary reason behind the increasing living
cost
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is inflation. Amidst the Russia-Ukraine war in 2022,
for instance
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, oil and gas prices went up by a big margin because
,
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apply
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Russia is a big supplier of oil and gas to the world.
Due to
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the war, all the nations boycotted purchasing them from Russia and decided to rely on other oil-producing
countries
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which sold them for double the price to make a profit. What is more, the standard of living is gradually upscaling, which means the government is charging hefty taxes on the citizens.
This
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being the case,
countries
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,
such
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as Switzerland and Norway, are well-maintained and picturesque. It is not unreasonable that the
cost
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of living is very high as they need to refurbish and provide better opportunities for locals and tourists. The effects of
this
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unfavourable situation would be that people of developing
countries
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will be understandably concerned to go abroad for education or job-related purposes as they will not be able to meet up to the living
cost
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due to
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the disparity in the currency of their country compared to the one they applied for.
Moreover
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, homeless and less fortunate folks will be the worst hit as they will drown
further
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in debt.
To conclude
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from the aforementioned discussion, inflation is the most viable cause of the rapid increase in living costs,
whereas
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well-off citizens of the nation are
also
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partly responsible.
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For we to consider an essay structure a great one, it should be looking like this:

  • 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

Our recommended essay structure above comprises of fifteen (15) sentences, which will make your essay approximately 250 to 275 words.

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Topic Vocabulary:
  • Inflation
  • Demand-pull inflation
  • Cost-push inflation
  • Property prices
  • Rent costs
  • Domestic and international buyers
  • Supply chain disruptions
  • Geopolitical tensions
  • Scarcity
  • Wage stagnation
  • Fiscal policies
  • Globalization
  • Financial strain
  • Economic factors
  • Subsidy cuts
  • Technological advancements
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