Problem
Over-pricing
Other Names:
Overcharging Incidence:
Among the most damaging practices for developing countries is that of overpricing - particularly of essential commodities and products such as drugs. Overpricing rates of between 30 and 700% in the price of drugs have been documented in several Latin American countries.
Broader Problems:
ProfiteeringAbuse of economic powerConsumer dissatisfactionUnethical practices in the service sector Narrower Problems:
Overcharging by doctorsExcessive cost of medical drugs Aggravates:
Excessive salaries of expertsExploitation in rural pricingMarginal level of family income Subject(s):
Commerce → Purchasing, supplyingRelated UN Sustainable Development Goals:
Problem Type:
E: Emanations of other problems Date of last update
04.10.2020 – 22:48 CEST