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.

Narrower

Aggravated by

Reduced by

Strategy

Reference

SDG

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

Metadata

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