Significant challenges arise from the high prices that impede underprivileged people's access to essential goods and services. As we strive towards a more inclusive and equitable society, it is crucial to effectively address these obstacles.
One primary concern is the escalating cost of food, housing, healthcare, and education. Inflationary pressures, coupled with income inequality, disproportionately affect low-income households, making it difficult for them to maintain a decent standard of living. Recent global economic challenges and local market dynamics have further exacerbated their woes.
Access to affordable and nutritious food is essential for good health, yet many vulnerable individuals struggle with rising food prices. Targeted government interventions, such as subsidies, price stabilisation measures for essential foodstuffs, and support for smallholder farmers, can significantly alleviate food insecurity and improve nutritional outcomes.
Housing affordability remains a significant issue, particularly in urban areas where rapid urbanisation and limited affordable housing options force households into inadequate living conditions. Implementing inclusive housing policies, promoting sustainable urban development, and encouraging private sector participation in affordable housing initiatives are crucial steps to address this challenge.
Access to quality healthcare and education plays a pivotal role in breaking the cycle of poverty.
Promoting income-generating activities, vocational training programmes, and microfinance initiatives can empower disadvantaged individuals to improve their economic prospects.
In conclusion, addressing price barriers requires a concerted effort involving government policy, private sector involvement, civil society initiatives, and community participation. All this done, we can create a fairer and more prosperous society with equal opportunities to thrive for all.
Md. Asifur Rahman, Student
North South University
asifur.rahman4@northsouth.edu