Increased Prices of Necessary Goods and Inflation Affecting the Poor Working Class People.
Research Paper
Increased prices of necessary goods and Inflation affecting the poor working class people.
Submitted By
Minhazur Rahman
Course: ENG -105
Abstract
Global food price has shot up in the last years that have been succeeded by an extraordinary global economic down-turn; Rich, mid and poor economies are affected largely in terms of erosion of growth, shrunk investment and lessening of job creation. The global food crises and the economic recession in the major economies have created a complex scenario whereby food price may not stabilize creating erosion of income of the common mass and making investment more costly. This is presenting tremendous challenge to countries like Bangladesh which is plunged further in economic deprivation and stagnation. The bad impacts of high prices on food stuff is devastating the on the poor producers, wage laborers and consumers in our country. These people are surviving very harshly in these dire situations and are having many difficulties living their lives.
This paper is the outcome of a research conducted to analyze the impact of price hike over lower working class people. The Research consists of the Introduction containing Background of the Research, Areas of the Research, Hypothesis, Methodology, Data Analysis, Findings, and Recommendations. The purpose of the research was to identify what are their actual problems these people are facing because of price hikes and high inflation.
TABLE OF CONTENT
1. Introduction………………………………………………………………………… 4 | 2. Background…………………………………………………………………………… 5 | 3. Areas of research……………………………………………………………………… 6 | 4. Hypothesis……………………………………………………………………… … 6 | 5. Methodology………………………………………………………………………….. 7 | 6. Review of
Increased prices of necessary goods and Inflation affecting the poor working class people.
Submitted By
Minhazur Rahman
Course: ENG -105
Abstract
Global food price has shot up in the last years that have been succeeded by an extraordinary global economic down-turn; Rich, mid and poor economies are affected largely in terms of erosion of growth, shrunk investment and lessening of job creation. The global food crises and the economic recession in the major economies have created a complex scenario whereby food price may not stabilize creating erosion of income of the common mass and making investment more costly. This is presenting tremendous challenge to countries like Bangladesh which is plunged further in economic deprivation and stagnation. The bad impacts of high prices on food stuff is devastating the on the poor producers, wage laborers and consumers in our country. These people are surviving very harshly in these dire situations and are having many difficulties living their lives.
This paper is the outcome of a research conducted to analyze the impact of price hike over lower working class people. The Research consists of the Introduction containing Background of the Research, Areas of the Research, Hypothesis, Methodology, Data Analysis, Findings, and Recommendations. The purpose of the research was to identify what are their actual problems these people are facing because of price hikes and high inflation.
TABLE OF CONTENT
1. Introduction………………………………………………………………………… 4 | 2. Background…………………………………………………………………………… 5 | 3. Areas of research……………………………………………………………………… 6 | 4. Hypothesis……………………………………………………………………… … 6 | 5. Methodology………………………………………………………………………….. 7 | 6. Review of
References: 1. Shakib.S.U.,( 2012) European Journal of Business and Management ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) Vol 4, No.3, http://www.iiste.org 2. Ahmed, I. (February 2008) Inflation and the Poor in Bangladesh, Policy Analysis Unit, Bangladesh Bank, pdf http://www.bdprices.org/article/jan_11/meu_jan_2011.pdf 3. Ahmed, I. (n.d) Inflationary Trend in Bangladesh and Impact on High Food Commodity Prices.pdf. http://www.bdprices.org/journal/jun_10/meu_jun_2010.pdf 4. Bangladesh Economic Update, (2011). http://www.unnayan.org/reports/meu/june_11/meu_jun_2011.pdf. 5. Consumer Price Indexes, (April 2011). http://www.bbs.gov.bd/home.aspx 6. Engendering Development: Through Gender Equality in Rights, Resources and Voice, A co publication of the World Bank and Oxford University Press.2002 7. Bangladesh Bureau of Statistics. (2011) Inflation & Price trends http://www.bbs.gov.bd/home.aspx Appendix