In many countries of the world, the price of food products has increased at a great rate. Due to which it has become very difficult for middle class and low income people to run a family. I think the most beneficial way to bring down the price of goods is to tighten the law system in the country. Because of the weakness of the law various types of unfair activities take place in the country and businessmen are able to syndicate. And by stocking the product, the price of the product is increased rapidly, only if they are stopped, the price of the product will decrease
Every country has set up a strict legal system to prevent hoarding of goods, exports and other legal regulations, efforts to determine laws to provide justice to society and prevent the impact of high inflation. However, the country's legal system is not implemented properly, the government and businessmen can ignore the law to profit from the impact of inflation, they don't care about the economic conditions of the people and their role seems to be on the side of the people, but they open up space for exports without prioritizing the needs of local communities to reduce inflation . The government and businessmen are the main subjects that must be reviewed if your country has failed to improve the people's economy.
Even if there is a legal system, it is meaningless if it is not implemented. To ensure applicability, the control mechanism must work. The biggest problem is lack of control. When an inspection is carried out, necessary work is carried out and penalties are imposed on those who increase the prices of goods more than normal.
Another issue is that penalties are not deterrent enough. A company that makes a lot of profit because it increases prices continues to do its job to the detriment of society when it is inspected and fined by the state. Because the amount of penalties is not large enough to be a deterrent.