1. World problems
  2. Prohibitive cost of goods and services

Prohibitive cost of goods and services

  • 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.

Broader

Narrower

Aggravates

Aggravated by

Hyperinflation
Presentable

Reduced by

Strategy

Value

Costliness
Yet to rate
Inflation
Yet to rate
Prohibition
Yet to rate

Reference

SDG

Sustainable Development Goal #1: No PovertySustainable Development Goal #12: Responsible Consumption and Production

Metadata

Database
World problems
Type
(D) Detailed problems
Subject
  • Commerce » Merchandise
  • Commerce » Purchasing, supplying
  • Social activity » Services
  • Content quality
    Presentable
     Presentable
    Language
    English
    Last update
    May 20, 2022