Today price spiral is a common phenomenon in our economy. The
price of essential commodities is increasing by leaps and bounds. The causes of
the price spiral should be attributed to several factors. Hoarding is one of
the important factors for the soaring price levels. Both the producers and the
consumers are dishonest now. They hoard the essential commodities with an ill
motive and as a result, there is a breakdown in the supply. Thus the situation
of the price level is aggravated. Smuggling and black-marketing are also
essential factors...