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.
This economic problem may not be present in every country in the world, but in some countries, economic problems are very much prevalent. If you know about my Bangladesh, it would be much better. This problem is very common in my Bangladesh now. We are constantly facing this problem. Starting from fuel oil, the price of any product has increased, although the prices of some things are now within the reach of people, but even a year ago, the prices of all those things were more and more out of reach.
The government will have to take tough decisions to solve this economic and commercial problem. Because, if the government takes tough decisions through its administration and can break the syndicate, then perhaps the prices of fuel oil and other things in the country will come under the control of the people and they will be able to buy them as before.