Topic: World price tag on every product. - page 4. (Read 722 times)

As far as economy is concerned price of products can never be the same in all countries because we don't have the same economy,  investment,  minimum wage and other factors, this is why it can never be the same. Currency exchange are not the same, this is also the reason why price of the same products can't be same in all countries. It is the duty for every country to work on their economy to make price of products to be low for citizens to be able to afford it.

No country is lucky for their citizens to buy products cheap, every country where things are being sold for a low price they worked well for it to be this low.

It's compassionate, levelling the playing field, right? However, the global economy operates differently. Trying to charge the same price worldwide ignores exchange rates, costs of living, and taxes. Similar to fitting a square peg into a round hole. Do you think making something cost the same helps hunger or boosts every economy? That's unrealistic. Inflation, market needs, and production costs vary! One-size-fits-all pricing might kill tiny enterprises in high-cost producing areas. Isn't it better to prioritise initiatives that boost such economies? Not some broad answer that sounds wonderful but fails? No easy answer, but forcing a common price tag isn't it

this gonna make countries with poorer economy even poorer then, the whole idea about not having same unified goods price is because each country has different economy and has different category where they excel at, in region where fishes are abundant such as the country with huge maritime area, they will have price lower for fish and the other goods that aren't found there will have higher price thats just how the economy works.
its not as easy as setting one price for every commodity and suddenly it solve the world hunger it just doesn't work that way.

the $5 price tag that you mentioned might be multiple folds of what a goods or commodity usually cost in the other side of the earth so no its definitely not a good solution instead its a silly one.
instead we can solve world hunger by boosting agriculture production incentivizing the use of technology so that the land can yield multiple the amount of what it is today then the food around the globe will
be cheap and only matter of transportation of food left to be solved.

You should read more books about economics and finance before making such forum posts.
The prices of everything aren't determined by "world leaders". The prices are determined by supply, demand and production costs.
Please explain to me how a product that has the same price in USA, Canada and China would help in removing hunger around the world?
This doesn't make any sense to me. There's hunger in Africa because the agriculture there is pretty primitive and the population keeps growing. A "world price tag" won't solve this issue. More investments in African agriculture would most likely solve the problem, but nobody wants to invest in Africa.

Before thinking of something like this, you should first consider what the economies of other countries look like, especially third world countries. It will mean more suffering if a country that is struggling with its economy begins to buy products with same price as those who are already comfortable and with a good purchasing power. The efforts should be geared at making the world's economy one where thesame standard of living those in the US, UK, India, China, Japan enjoy should be same those in developing and underdeveloped countries enjoy. Anything aside this, third world countries will suffer the most because majority of the citizens are poor and may not be able to afford products with the world's price tag.

you don't expect that an item that's sold at $10 in the USA will be sold at same amount in another country that import that same product to there country. What happens to all the expenses and logistic they payed to bring the product to your doorstep?

Even within same region, it's deficult to regulate price cause the market systems at the different times different shops makes there stock isn't always the same and putting such laws that tries to regulate how much each sellers puts on his products will only put the sellers at a big loss. Even mobile device that kind of have fixed prices still don't sell for same amount due to the how volatile the exchange rate has become of recent and so thinking that there will ever coke a period where we will have a universal price tag for product is almost an impossible kind of scenario.

Aside from the fact that capitalism wouldn't allow that to happen, have you considered the cost of production of these goods? Also the cost of transportation? What about the value that commodity has to the people of that country? Your aim might be to help people all over the world, but you're making things worse.

If a commodity was produced in a country like Brazil for example, and all the resources needed to produce that product was gotten from Brazil and it's sold for $10 in Brazil, do you expect that same product to be sold for $10 when exported to a country like the US? It's not going to work like that because you have to consider the transportation cost, customs duties, and even various taxes like VAT.
What makes your assessment even more flawed is the fact that that product won't even be sold for $10 in the whole of Brazil because the cost of transportation is also considered. Let's say the product was produced in Sao Paulo, the cost of transport from Sao Paulo to Porto Alegre would be different from the cost of transportation from Sao Paulo to Porto Velho.

So you see why all the prices of commodities cannot be the same all over the world? There are other factors like cost of living, standard of living, inflation, purchasing power, scarcity of the product, and many more. It can't work but even if it did, it would be very terrible.

@OP you need to be grateful since you born or live in developed country, if you're a low middle class people who live in underdeveloped country, you almost have no chance to change your life. It's not about to become a millionaire, but you're not even able to fulfill your monthly need even though you've full time jobs.

I believe the problem of world hunger isn't lack of money, but it's because the government of that poor country corrupt the money.

And he said this method can remove hunger in the world!

This isn't practical and realistic for so many reasons. For one, a product manufactured in another country will have to pass through a number of procedures before arriving in another country for selling. Each step could mean money. There are all kinds of taxes. There's the shipping cost. There's the exchange rate. These, and other factors, will definitely affect the price.

And then there's the fact that a piece of bread in one country isn't the same piece of bread in another. The cost of baking the bread isn't the same in all countries. The cost of doing business is different from locality to another. Labor cost alone is different. Raw materials in other countries will even have to be imported.

What a load of bullshit. The OP does not understand basic economic issues, such as that a product cannot cost the same in a country where the product is easily and abundantly produced as it does in a country that does not produce it and has to import it. Nor in a country where it is in high demand than in a country where it is not.

If it doesn't have a price then it isn't called a product and as a matter of fact the price will usually vary greatly in a country and not all products have the same price tag. Let's say that when your country gets a quota for exporting goods from outside, the prices may not be the same because your country has to consider transportation costs, taxes and other requirements when sending the goods.

The price of one product can vary quite a lot from one country to another and if the concept has to be the same then there is no point in exporting the product abroad. That has become the basis of a price that occurs on the same product and I don't see any similarities in different countries.

A country's interests cannot be compromised simultaneously and most countries will pursue economic power to become a sovereign country. I doubt any government would be willing to sit down to think about that and the chances would be quite slim of success.

thats is as likely to happen as it is for me to hit a block today.

regional pricing is normal as it reflects shipping.


getting fresh octopus to kansas is harder to do than getting it to new york city.

so it will cost more in kansas.

If that's the case, just imagine how developing countries would be able to afford certain goods. It's great for different countries to have their goods differently priced that is just appropriate for their economic power. It gives people a chance to live quite comfortably if their wages align with the goods of the products they need to buy to survive.

If each product around the world have the same price everywhere, just think of those countries whose minimum wage in a month isn't even enough to buy a gallon of milk in the US.

This is a difficult if not impossible thing to achieve. Considering that the world is different. We have the developed countries and developing countries. Rather high income countries and low or middle income countries. In these countries there is a wide gap in terms of cost of living, the wages and all. You cannot also compare the cost of production, import, export, and other operational costs in these countries. Even if the whole world used just one currency, it will still very extremely complex.

Nothing is impossible in this life, all we need to do is plan on achieving this, there are still some product in a country that has same price in other countries.
I bring up ways to make the world better in form of a topic in this forum and there's sense in everything.

Lol, all the countries in the world should also have the same minimum wage, use the same currency and experience the same economic growth, for this to happen. The prices of goods cannot be the same in all countries, for example, how do you compare the standard of living in the United States, to that of a third world country, and how can goods be valued in the same way in both countries, it is basically impossible.

That being said, if it is a foreign product, and you want to purchase it directly from abroad, then you have to pay using the currency of the country where the goods was produced, or its equivalent.

A kilo/2lbs of rice can go up to $6 in the US, imagine that would be the price in Nigeria or India. Same for premium meat at 25$ at least for a kilo how would somebody in a poor country affrod to buy some?

You will not same a single soul, you're going do kill more people than the holodomor or the great leap forward.

The world has gotten to that point in which every product should have a particular price is been sold for.
A product that is been sold for $5 in USA should also be sold for $5 in Canada and China, this way it will help the world leaders to remove hunger in the world, it will also help grow the economy of every country because countries can buy product from one another at a better price, this method will really help in reducing suffering in the world because hunger is one of man's major problem.
The world leaders should sit and implement this policy every product will be given a price that will be comfortable to every common man in different countries of the world.