Problem
Prohibitive cost of goods and services
Experimental visualization of narrower problems
Other Names:
Over-priced goods and servicesInflated prices of goods and services
Nature:
Because of high material and labour costs in countries producing goods, the base costs within price schemes are also high. This results in limited market access, since a number of countries do not have adequate buying power. Future development is geared towards the production of the goods which countries can afford to buy; and some parts of the world either do not get the goods that they need or else pay more than their buying power justifies.
Broader Problems:
Excessive costsConsumer dissatisfaction Narrower Problems:
Expensive functionsInflated art valuesHigh cost of housingHigh consumer pricesProhibitive cost of basic servicesExcessive price for electronic information Aggravates:
Limited purchasing powerProhibitive cost of livingLong-term shortage of commoditiesAcquisition of inappropriate equipment Strategies:
Producing goods and servicesReducing cost of goods and servicesInflating prices of goods and services References:
Philips, L: Predatory Pricing Subject(s):
Commerce → MerchandiseCommerce → Purchasing, supplying
Social Activity → Services
Related UN Sustainable Development Goals:
Problem Type:
D: Detailed problems Date of last update
03.06.2019 – 22:00 CEST