RISING PRICES CAN BE CONTROLLED ONLY BY THE GOVERNMENT’
A very good morning to jury members, friends and my fellow opponents!! am Karan/Karuna of Head boy/Head girl. Today, I am going to speak against the motion’ Rising prices can be controlled only by the government.’ The role of government in an economy is to announce measures of regulation and control. A government can impose restrictions on hoarding, the export of some items and track prices of limited commodities. However, the execution vests in the custody of the people residing in the nation.
It would not be correct to put the blame wholly on the government. The consumer is no less to be blamed for inflation. Some consumers allow themselves to be robbed due to the fear of insufficient good supply and adverse price trends. Also, some consumers indulge themselves in hoarding and black marketing of the products. Such practices not only deprive the country of much-needed resources but also serve as bad examples for those who cannot afford to pay such high prices. By reducing the demand for a good, its price can be controlled by the consumers. Thus, I believe, the rising prices or inflation can be controlled by the combined effort of the government and consumers.
Thank you.