When I was young I really didn't understand much about economics but as I gradually grew up and started to inquire about the outside world, I know why I don't see any similarities between my past and present. Maybe the technologies that were not there in the past are there now, but the prices of the things that were very low in the past are now very high. The same amount of money that used to buy fuel oil can't be bought now with the same amount of money. To catch up, if we compare five years ago with today, we see a lot of difference in the price of every thing. If the price of a commodity increases, the price of that commodity does not decrease. When asked or posted on social media why prices of other commodities, including fuel, are rising, the answer is that this is a global problem. I want to know if you are facing this same problem like me?
If you are facing this same problem then what is the solution for this problem.
Yeah, it is the same here mate, and I can say for sure that in almost every country the prices of commodities in the last 5-10 years have increased, some might say it a global issue. In my country there lower class and average class citizens are struggling to survive, your salary or wages can barely take you 2 weeks with the rate of how things are. The thing is you have to find other means aside your job to be able to meet up with your monthly expenses.
It the same everywhere, though for some countries it not that worst, this is due to bad leadership. Most leader after being elected just end up embezzling public funds and using it for there own personal use. When a country have a good leader there is always a change in the system. Good leadership certainly improve the economy of a country.