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Prices of petroleum products are rising which has led to an increase in the prices of daily-use items. Pakistan's citizens are demanding their government to review its pricing mechanism. Instead of having a weekly review, consumers want the government to switch back to the monthly price review. This article shows an imbalance in the price rationing of petroleum.

Not only does this article fit well with the topic of price mechanisms, but it also is a great example of the effects that products can have on an entire economy. Petroleum is not just used to fuel cars, it is used to manufacture all sorts of other products. That aside, every company, one way or another, is affected by the price of petroleum, and when the price goes up, the manufacturers and retailers pass the increase in transportation costs on to the consumer, who indirectly pays for the high price of petroleum.

When it comes to the reasons of deflation most of the economists see it as a monetary phenomenon which is affected by demand and supply. If the supply of money is more than demand then the value of money increases and prices go up as a consequence. When the supply of the products are higher than demand it results with the mass production which leads to the fall of prices. Some people believe that the deflation occurs because of the mass production and falling the aggregate level of demand. The biggest effect of deflation is unemployement. Deefletion is more serious and dfficult than inflation. To prevent deflation first is give an upward push to the aggreagte demand by increasing government spending or the second they can increase the money supply by decreasing cash reverse ratio.

When it comes to the deflation some of the economists believe that it is a monetary phenomenon which is affected by supply and demand. The reasons that leads to deflation are if supply of money is less than its demand than the value of money increases and the prices would go up. If the supply of the product is more tha its demand then it will lead to the mass production which the large amount of products will lead the prices to fall immidietly. The biggest effect of deflation is unempoyment. Deflation is more diffucult and serious than inflation. To prevent deflation first give an upward push to the aggregate demand by increasing government spending or the secong they can increase the money supply by decreasing cash reserve ratio.

This article is concerned with world hunger and what can be done to rectify it. World hunger is, in fact, a problem with scarcity. The human race does not have enough resources to feed every individual. Ergo, food is involuntarily rationed in poorer countries. The article discusses what can and should be done to solve this problem, especially in Africa.

I liked the article it is really interesting because the scarcity of food is a problem and rapidly increase from day to day. Also your explanation of the article is clear and easy to understand and you gave the important points in the article. In my opinion, food scarcity is the worst problem in the world rather than oil scarcity or other resources because food is nutrition it s the only thing that keep people physically strong and especially for countries that are struggling with scarcity and starvation needs to be helped by strong countries and governments.

This article talks about an earthquake and the lack of water available.This article essentially talks about how the demand for water was high but the price remained therefore people with more use for the water werent able to get the resource; it; some needed it for baby formula whilst others for cleaning dishes. The writer argues that if the price of the water was raised, as it was scarce, then people with higher priorities wouldn't mind spending the extra money. Economist Eric Cramption then dismisses an argument against price allocating resources; the poor would get poorer. .