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

Use synonyms

of basic necessities

such

Linking Words

as food and oil have increased. In my opinion, There are several factors that cause

this

Linking Words

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

This

Linking Words

essay will explain the reason why

this

Linking Words

phenomenon occurred and give relevant examples.

To begin

Linking Words

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

prices

Use synonyms

of bare necessities. For a start, production

costs

Use synonyms

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

goods

Use synonyms

.

This

Linking Words

is because there are considerable

costs

Use synonyms

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

costs

Use synonyms

.

Furthermore

Linking Words

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

costs

Use synonyms

. Petroleum is a prime example.

This

Linking Words

substance is vital for making many modern, everyday items,

such

Linking Words

as plastics and petrol.

Consequently

Linking Words

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

this

Linking Words

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

Thus

Linking Words

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

prices

Use synonyms

of staple

goods

Use synonyms

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

Firstly

Linking Words

, novel machines can curb inflation.

For instance

Linking Words

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

goods

Use synonyms

at once. As

this

Linking Words

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

Secondly

Linking Words

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

costs

Use synonyms

of necessities. In order to provide customers with competitive

prices

Use synonyms

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

instead

Linking Words

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

prices

Use synonyms

.

Therefore

Linking Words

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

prices

Use synonyms

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

goods

Use synonyms

take to get to consumers and

decreasing

Correct article usage

the decreasing

show examples

stores of raw materials.

Although

Linking Words

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