Prohibitive cost of goods and services

Visualization of narrower problems
Name(s): 
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 
Excessive costs
Consumer dissatisfaction
Narrower 
Expensive functions
Inflated art values
High cost of housing
High consumer prices
Prohibitive cost of basic services
Excessive price for electronic information
Aggravates 
Limited purchasing power
Prohibitive cost of living
Long-term shortage of commodities
Acquisition of inappropriate equipment
Aggravated by 
Hyperinflation
Overpriced commodities
Inequitable bargaining
Monopoly consumer services
Short-term profit maximization
Prohibitive costs for businesses
Prohibitive cost of transportation
Subversion of collective bargaining
Reduced by 
Structural unemployment
Cheap manufactured products
Strategy(ies) 
Producing goods and services
Reducing cost of goods and services
Inflating prices of goods and services
Reference(s) 
Philips, L: Predatory Pricing
Type 
(D) Detailed problems