- 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.
Claim
The prohibitive cost of goods and services is a crisis that cannot be ignored. When basic necessities become unaffordable, families are forced to make impossible choices, deepening inequality and eroding social stability. This issue undermines the very foundation of a fair society. Urgent action is needed to address skyrocketing prices, or we risk leaving millions behind, trapped in a cycle of poverty and deprivation. This is a problem demanding immediate attention and bold solutions.
Broader
Narrower
Aggravates
Aggravated by
Reduced by
Strategy
Value
Reference
SDG
Metadata
Database
World problems
Type
(D) Detailed problems
Biological classification
N/A
Subject
- Commerce » Merchandise
- Commerce » Purchasing, supplying
- Social activity » Services
Content quality
Presentable
Language
English
1A4N
D1891
DOCID
11418910
D7NID
135117
Editing link
Official link
Last update
May 20, 2022


