Problem

Prohibitive cost of goods and services


Experimental visualization of narrower problems
Other Names:
Over-priced goods and services
Inflated 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.

Problem Type:
D: Detailed problems
Related UN Sustainable Development Goals:
GOAL 1: No PovertyGOAL 12: Responsible Consumption and Production
Date of last update
03.06.2019 – 22:00 CEST