1. In many countries today, everyday necessities like food and petrol have become very expensive. What factors may have caused this situation and what, in your opinion, can/should be done about it?Give reasons for your answer and include any relevant examples from your own knowledge or experience.

In many parts of the world, the

prices

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of basic necessities

such

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as food and oil have increased. There are several factors that cause

this

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type of inflation, and new technologies and innovative ideas to change our current systems are feasible solutions for dealing with it.

To begin

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with, the increase in stages of supply chains and the depletion of raw materials are two main reasons for the rising

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of bare necessities. For a start, production

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are bound to be higher when there are more steps involved in the manufacturing, distribution, and sale of

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.

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is because there are considerable

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that need to be taken into account when setting the price of consumer items, including equipment and labour

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.

Furthermore

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, there is a shortage of important materials necessary for producing essential products, which contributes to ever-rising

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. Petroleum is a prime example.

This

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substance is vital for making many modern, everyday items,

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as plastics and petrol.

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, its use has skyrocketed, but the world's reserves of

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resource have been declining, resulting in its growth in value.

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, additional steps in the supply chain and depleted natural resources are largely to blame for the increasing

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of staple

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. Even though these problems seem impossible to eradicate, technological developments and more efficient approaches to marketing may prevail.

Firstly

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, novel machines can curb inflation.

For instance

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, when steam engines were invented, transport expenses were greatly reduced since they could carry an enormous amount of

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at once. As

this

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example proves, an innovative device or piece of machinery could produce similar results now.

Secondly

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, improvements to existing marketing methods may slow down the continuing rise of the

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of necessities. In order to provide customers with competitive

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, many companies have already abandoned some costly marketing strategies in favour of cheaper but more effective ones, like using online marketing

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of expensive celebrity endorsements. Companies can pass on these savings to the customer in the form of affordable

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.

Therefore

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, technological innovations and cost-effective marketing alternatives can help to keep the

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of daily essentials under control. In conclusion, inflation is fueled by the long journeys that

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take to get to consumers and

decreasing

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the decreasing

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stores of raw materials.

Although

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these are difficult issues to tackle, advances in technology and greater efficiency in marketing could make necessary items more affordable.