Prohibitive cost of goods and services

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

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.

Related UN Sustainable Development Goals:
GOAL 1: No PovertyGOAL 12: Responsible Consumption and Production
Problem Type:
D: Detailed problems
Date of last update
04.10.2020 – 22:48 CEST