Impact of imflation on society.
Impact of INFLATION on society There is hardly a thing or commodity whose price has not gone up in the recent times. Rise in prices has become a common feature in Pakistan and the people are reconciled to this fact. Rise in prices is called inflation.There are various factors that contribute to this rise in prices. Some are natural factors like unfavourable weather conditions which affect the food production and lead to the shortage of commodities in the market. With more money chasing fewer goods, the prices take to the wings. Compounding this natural problem are other man-made problems like storage which contribute to the escalation of prices. The moment the trading community senses a shortage of certain commodities or products, especially the essential commodities; they resort to large scale storing. They release the stored commodities after escalation of the prices and make a neat margin over their investment in the stored commodities. Though the government h...