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?

In many developing nations, the cost of living is rising quickly.
This
essay will discuss reasons and effects on people's lives in forthcoming paragraphs. To commence with the cause of
this
view, Is that average household income of that country is very low. To explain, folks are working very hard for better living standards,
however
, they are not getting higher pay.
Due to
that, their earning is decreasing drastically.
For Instance
, a survey conducted by The University Of California indicates that the average American earns only 35,000$ a year and they are not able to provide for their family. The main effect of
this
Is that people are going to banks and eventually in debt. Another reason behind
this
, Is that the country's Imports are rising and exports have decreased drastically over the period of time. To elaborate, a nation's economy depends on goods that they export and import into their country. If they Import more and more products from other territories they they have to pay a tremendous amount of money from their own pocket. To cite an example, a headline of The Time of India shows that Pakistan's exports are less than Imports
due to
that they have poor economic conditions. Because of that citizens of Pakistan can not afford the basic needs to live.
To conclude
, below-average household incomes and high import rates are the prime reasons behind the rapid increase in living costs and people are in debt
as well as
not being able to provide basic necessities to loved ones.
Submitted by birenp046 on

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Grammar
Ensure to proofread for typos and grammatical errors. For instance, 'counntries' should be 'countries', and 'they they' should be 'they'.
Evidence
More specific and varied examples could help in illustrating points more effectively. Consider using data from additional sources or different geographical contexts.
Coherence
Consider providing a smoother transition between ideas within paragraphs. This can help in improving coherence and making the essay easier to read.
Structure
The essay structure includes a clear introduction and conclusion, which are essential components.
Task Response
The essay responds to both parts of the question, covering potential reasons for increasing living costs and their effects on society.
Evidence
The use of examples, such as the survey from the University of California and the Times of India, effectively supports the main points made.

Your opinion

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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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