Topic: World price tag on every product. (Read 742 times)

Apart from some of the influences you mentioned, we can all also see that the level of economic growth in each country is very different and the rules regarding the economy are also very different from one country to another. So it is very difficult to expect the same price for every product we want because the impact of taxes is something that is very common in almost all countries in the world. However, each community can definitely adjust this to their respective country's currency because when someone wants to buy a product in another country and brings it back to their own country it will also cost quite a bit.

The price of the product may vary based on the changing demand of the particular product.The tag was first generated in order to vary the product price of different products,but initially the tag was made to differentiate the price of same product with the different quality.The product which was sold at the 5$ in US and same was sold at 5$ in Canada means,who will bear the transportation charges of the product and the person who exports the product with the various taxes.

Expecting the same price through out the various countries was merely not possible one.Every business man doing the import and export to make money.The entire economy of the country will spoiled upon the dangerous on making the changes in the import and export products.The taxes for the products should be bear by the import team and export person who like to bare the all the people

We arent just talking about different governments on here but rather we would be also mainly talking about the currencies in between countries on which been used. No matter how much that kind of unification of thoughts or agreements but still there's no way that it could really be that possible considering that each currencies does have their own different values or numbers in conversion with other currencies.
We cant really be having that kind of global similar pricing when it comes to good and other things which does have value. I do understand on such possible scenario or situation but this isnt something
that could be possible no matter what. There's always that differences in between places or countries and there's no way that we could changed up that reality.
If there would really be no such differences then it would be having no sense on having that different currencies that we do have.

I also think this, on the post of the OP you can read in it some level of naivete, which makes me think they do not have a lot of experience when it comes to how the world really works, every single government out there is competing against each other, so they are trying to offer the best possible conditions they can to corporations in order to get foreign and local investment, so cooperation is possible but only up to a certain level, so the idea of the OP of full cooperation among governments is not possible under the current circumstances.

OP's idea is very interesting and I have a feeling he is very young and still receiving benefits from his family,  his solution makes me suspect that he doesn't even have any knowledge about the economy or what's going on in the world. We have nearly 200 countries in the world, each with different economies, different local currency values, and different average GDPs. How is that possible?
Furthermore, do all world leaders want to eliminate world hunger, do they really want everyone to become equal? Or do they want to create a larger gap in society, then use the power of money to manipulate others to serve them? Human nature is not as kind as we think, especially leaders and the rich.

I understand your point of trying to incite equality and and making essential needs to life affordable for the average and poor masses but Op I don't see that being the problem why everyone from different places can't afford their needs even to the international levels.
For instance, a pair of shoes is sold at $5 in the US and you're coming from my country Nigeria to buy the same product as either an order to be shipped to your local place or you're an importer tending to import the shoe, I believe it can't be sold to you higher than the $5 because there's a regional discriminations. You'll still buy it at same rate but considering the value of your countries fiat, the #5 will be too expensive for you to be afforded due to the fact that your countries traditional currency is being so low when compared to the USD.

Such difficultband expensive expenditures of every local sectors to buy the same product as it maybe in other countries is can be minimal to be affordable only when the production infrastructure of the same product is located in the various countries so then everyone could buy using their fiats without the exchange of to other countries fiats that maybe higher than theirs.
So, infrastructures that would bring revenues to increase the countries economy rate is the major thing about this contention Op and not about the strives of begging other countries to justify their economy standard to yours.
So, your government is responsible for this crying out loud. Hold them with facts of your revenues and the level of your countries economy level and lack of Infrastructures.

You're raising the big questions here, the really important one. This idea, that some folks think the poor have it better in rich countries? It's flawed, completely flawed. Like, they've got some shiny road and that doesn't fix the real problem: the lack of opportunity, the struggle most of us never truly understand

Poverty, it's universal. Rich country, poor country, it hurts the same way. That yuck feeling of never having enough, that's something no fancy sidewalk can erase. Governments? They love their fancy meetings, their big programs, but real change on the ground, where people are hurting, they're slow. Why? Because the problems run deep; way past a new law or two

I'm an optimist, a believer in the human spirit. There's hope, there always is. It's not in the big government stuff, it's in the small things. The local charity, the volunteer who gives their time, the person who doesn't look away from someone in need. Is it enough? No way. But it's a start, a reminder that we care, that we're in this together

You have a point, It's impossible for all countries to have the same level or prices of goods because each country has a different cost of living and different level of economic crisis.
But nowadays, somehow we are able to buy or try products and services from other countries without going to another country, but y'll should expect that the price is even more expensive when we buy it in our own country due to tax and other added fees like  shipping fee / Franchise fee.

Pricing isn’t the cause of world hunger and poverty. Your solution is unrealistic because countries around the world do not use the same currency. We all have different currencies and these currencies have different values when traded against each other. So if a bag of grain is sold for $30 in the US, the equivalent of that amount in my country is already above the minimum wage. How’s that going to help reduce hunger in my country and other developing countries?

And currency value isnt something that could really be also in equal because thats not how economic thing works and cant really be possibly be able to happen.
There are really just that things on this world that cant be possibly be able to happen no matter how hard you've been thinking. Just let it be as it should be but people that becoming
delusional on what are the things that they are wishing for and ending up on making themselves look like jokers or clowns. We do know that when it comes to the situation
and those words then we do know the concern but it cant really be just that possible no matter what.

Why do you think that the poor in rich countries have a more comfortable life than the poor in poor countries? Is it only because they live on clean roads and pollution-free environments? Because other than that, I don't think a person having no money, no mood, and no home can lead a comfortable life.

I agree that a country that has a lower economy and is considered poor will have more people below the poverty level because the country in general isn't generating enough money to take good care of its people, but the poor in rich countries face similar things because even if shelters and people are helping the homeless and rich people, there are still a lot of them left in suffering. After all, the governments don't specifically take care of them one by one.

So as long as a poor person doesn't have a way to earn money, they will have to go through hardships no matter whether they live in a poor or rich country.

It is never possible.  Because every country has its own currency value. The price of a product cannot be the same all over the world.  It is normal that the price will be lower or higher depending on the country and place. Because we cannot compare the standard of living of one country with the standard of living of another country. And each country will trade in different products or economic standards will not be maintained.  Tariffs, prices and profits play a role in maintaining the trade balance of a country.

Agree here mate specially that is the reason why there is a standard quality for its region to serve those countries with product from same company but depend in their capacity to spend .
we cannot just make all prices the same and the quality because if does then we in 3rd world countries will never afford to pay for the same material and product from bigger countries ,
lets just stay this way mate and try not to worry more because we have lived this far having this quality availability .

its not as simple as that poor people in rich countries could be very poor where they couldn't even buy canned food, poverty spread across the world doesn't matter whether its developed country or developing country there's always certain percent of the population that have no way to make money thats where they got put into dangerous situation and need welfare.
you can imagine living in a developed countries where veggies and meat cost a ton yet you don't have a way to make money that will cause you to be classified under the poverty and need welfare.
so its not like poor people in rich country won't get that poor though the difference might be that there's more opportunity to escape that poverty.
talking about the world price tag in every product is also silly because each country faces different problem, it could be poverty, it could be other crisis, its not that simple overall.

If you do know on how economics works then you wont really be saying up such things. Why? On your example about having that $5 price fixed on a certain product on which come to think that
purchasing power of a certain local currency is different to each other. If $5 might be small to those 1st tier countries then this is something that a huge amount when going into those 3rd or developing countries
on which it would really be just that added up the burden and this is something that should really be not that possible on what you are asking for. There would really be tons of things needs up to be that adjusted first or shall we say that there would be tons of things that would really be affected and needs to consider out first before this one would be pushed through but in overall no matter how angle we would be
looking which this thing couldnt really be that possible.

This is not going to work because you didn't consider other factors like transportation and cost of shipping. You don't expect a retailer to buy a product that is originally produced and packaged in the US to sell to you the same price, how is the seller going to achieve his objectives of selling? Where is the profits? Where are they going to remove the money from cost of shipping? You don't consider all of these right!

Let's even say that you want to import goods yourself as a final consumer From ebay or from Amazon, there is no way you will get that product shipment for free if you leave in another country, you will also pay for the tax, so tell me will you sell the product the same price you bough?  Unless you are doing a charity giveaway.

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In a situation where you might see different price for the same product, for instance the price of Coke in US is different from what they sell to other African counties and this is Because the quality are not the same, the content is different. Company do this because they prioritize what customers can afford, you can't sell a bottle of Coke in US for $3 and you think an African man can pay the same, no way. This is why you see disperity in products and the price.

Its can be realized.
After all, each country has its own characteristics: standard of living, economic development, tax policy and many other factors that influence price formation. For example, in developed countries, prices may be higher due to higher product quality and safety standards, as well as higher taxes and transportation costs. At the same time, prices in less developed countries may be lower due to lower production and transportation costs.
Therefore, you should not be surprised if the price of the same product will be different in different countries. Its okay.

In rich countries there will still be poor people even though the level of poor people in rich countries is very different from poor people in poor countries or developing countries. Because in rich countries, the highest caste of rich people will also be measured by their own assets, so those who don't have many assets will also be said to be poor even though their lives still look quite comfortable. However, if you apply the same price for any product in different countries, this will still not be possible because apart from causing problems for the poor, it will also be more difficult for the sellers of the products themselves.

Do you really think that unemployment, poverty, and hunger can be eradicated from this? I think not at all.
For countries with the same currency, it is still possible to do this, but what about those countries where USD's value is very high? Therefore, this idea is very useless in my view.

Developed countries and developing countries can never be the same in anything, so two countries that do not have the same value or currency can never be treated in the same way. A rich country may benefit from it, but a poor country will have nothing but a loss because you can't expect people of a poor country to pay a way higher price for a product that they could get much cheaper if it wasn't for such a policy.

And your reasoning is very funny.

Tell us how you are going to adjust the price in every part of the world so that every product costs the same.

Well, the same product can't cost the same everywhere, because the price is formed from supply and demand, and demand is different everywhere and so is supply. For example, ice cream in hot countries will be in enormous demand, while in cold countries no one needs it. Also, products differ in the degree of availability in each country. For example, bananas do not grow in Canada, which means that it needs to be delivered there, therefore, the price will increase due to logistics, storage and other overhead costs, which will differ from the cost in South American countries.

World leaders are more concerned about staying in office longer than solving the hunger problem of others.

The same price for a product will not increase the quantity of that product in the world. How will this solve the problem of hunger?

What kind of more favorable price are we talking about if, according to your concept, the price of products will be the same everywhere without any margin?

Your method will only create more suffering for everyone.

World leaders can't agree on simpler issues, let alone this.

This is an unrealizable utopia.

In other words, each country's economy is not the same, the average GDP of each country is never equal. So it makes no sense to suggest that poorer countries should spend the same amount of money on a product as developed countries. If this happens, underdeveloped countries will soon disappear from the world map.

I guess OP is from a 3rd generation country and has quite high tariffs on imported products and he will have to pay more for imported products. So he came up with this idea  . Similarly in my country, cars are taxed by the government at more than 150% and we have to pay a much higher amount than other countries to own a car of the same brand.

The obvious answer is not a high price but a universal price so cheap its close to free.  That already occurs sometimes in capitalism where they want to promote a product but I think wanting that and demanding are two different things.  Forcing people to agree, to provide without a choice is unfortunately not the utopia it might sound like from a pure consumerist perspective.

The biggest thing people should be hearing with these kinds of suggestions is that force will be required, the flip side to idealism can be a nightmare in the demands to make it happen.  Imo its very unlikely to work because the detail isnt there and rules of arbitrage, flat prices isnt reflective of the complicated world we live in.

I don't understand this at all, rich country doesn't mean everyone in the country is rich. You can see US being at the top of GDP which is also one of the country where most homeless persons are living so if we apply the same price tag for a millionaire and a homeless person then we want the poor people to starve and die?

a country that is a civilized have a price management or a price regulation to any given products it is a country that lack management and the governance that find it very difficult to implement a policy of Price Tag so when a country is incapable to control a price tag that means that country is battling with the inflation from my own participative so any country that is harmonized how the ability to control any market price structure or price tag in order to make sure that the Citizens benefit from the government

US, Canada and China are already rich countries. They are the ones who should increase their pricing and not the poorer ones but the explanation would be is that it's now okay for the rich country to earn less because their country is already well developed and the poor country will remain undeveloped if they follow the same protocol.

Some products are not imported anymore because the other country can also produce them locally but their pricing will still differ from the other because the capacity of the people between countries are not the same. We should not be jealous if other countries has a cheap pricing of some products because the cost of their food, housing space, and others are still more expensive than compared to ours.

I don't know if you think the world is a country but I can say it's never possible for such a dream of yours to come through, reason being that the world does not operate on the same economy, we don't share same currency hence buying product of a particular price tag could be killing in some economy while ate the same time it could be very cheap in some other countries.

You can say each country should have a price regulation to enate a price fur every product but it shouldn't be the world generally because it's going to be a destructive decision. I don't know your country of origin or location but I believe this topic of yours is so much biased by the economical pressure in your current location.

I can't relate with the products exports and imports with people moving accross countries, the actual cost of any product doesn't even worth half of what we pay but it added up due to profits of one who made it, the middle men can be a dealer, exporter/importer of the goods and then the seller has to add their profits in that product selling price. It can go down if government encourage their citizen to adopt self sustaining economy but in the modern world I don't think it's possible.

I don't know if you're understanding the replies here but implementing same price in every country will never happen cause a country worth and finance will definitely be different from another country and that's just the fact. Why do you feel the need about developed countries and underdeveloped countries being different in size, structure, supply etc and you expect both different countries to share everything in common mostly in financial aspect (price tag), my first question is how do you want people to survive cause this law will definitely benefit some group of countries and citizens but other countries will not benefit and they'll be left behind

That would work if most countries would be paid the same rate as the US, it won't work if the poor countries would be paid in their local currency which is traded to US at such a price that it's difficult to do what you're asking, it's also pretty stupid idea to do that because the workers will have it hard because their money or salary just got less valuable and the local products that should be matching with their salary despite the inflation, has just gone up to match with everyone in the world. I don't know how you got this idea OP but I'm telling you that this is not a good idea, maybe articulate it even better because we might not know if this will make sense if it's explained correctly but for now, this is a stupid idea to me.

Awesome idea but only in theory.   Prices do not stay the same even in the same place but a different time, it always varies.  Price varies by whether you collect or want it delivered and so many other factors.  The universal price would ignore geography and alll kinds of factors that make up pricing.

This would require enforcement that is not really a positive, it would equate to a subsidy and would require payment from the people via government force to continue in operation.     The best attempt at this idea would be to give some foods tax free status as a bonus to their production vs normal luxury taxes on other items.  There some attempt at this in many countries and also books are sometimes given beneficial status on some kind for transport costs.    We cannot just force a singular price, it fails to pay the retailer, the logistics and even production cost according to market varies they all must be paid for.

If it was possible, has it not occurred to you it would have been implemented already? The reason the price of the same products varies in different countries has to do with the costs of production, transportation, salaries, subsides and many other factors, so in a country like China, rice should be very cheap as it is the basis for the diet of their citizens and there is a lot of land to produce it, but in a country in which those factors were not around then it makes sense for price to be more expensive, so what you are proposing is completely impossible to implement.

I mean for sure it is going to have a lot of benefits for everyone but I don't think it is possible at all because, in every other country, we have different standards or some kind of development, cost, etc. I mean just think of the materials of the product or supply of it in one country, there are things that have so much supply in one country like for example bananas there are a lot of countries where they have huge banana supply but there are countries where there was no banana supply at all something like that. We could also say that on gadgets and technology, as it needed materials etc. some countries that materials are gonna be cheap other countries are not, if there were the production of the board, circuits, etc. in that country probably gadgets, etc. are going to be cheap on that country compared to other countries that don't have that kind of factory. Since it would need them to get that supply from other countries or probably the product itself needed to be exported. There comes the transportation of course, distribution, etc. Not to mention that we have different fiat exchange rates in every country. What you're saying is probably going to be a good thing but doesnt make sense since it wasn't possible.

 
If that should happen, then the economy will definitely collapse because they have differences in currency rates and also the national economic differences of all countries, so that will cause a lot of damages that you can never think of because each country has its own source of revenue, which is apparently the source of income for the country, which means the revenue or income of all countries will never be the same. If that is done, some countries will benefit while others will definitely suffer.

For instance, a bottle of water is sold in the USA at the rate of $1, whereas the same bottle of water is sold in Nigeria at the rate of 250 Naira. If we are going with the current dollar rate, they usually sell the bottle of water in Nigeria at the rate of 250 cents, equivalent to $0.25. So if we are to make the prices the same, which of these two prices are we using? So you see, that idea will not help the economy but only destroy the economy at large.

Each product has different qualities, and to produce the best quality requires a fairly long process and quite high costs. And not to mention service prices, taxes and so on. So how can every country get a uniform price... this is impossible.

Although this idea is good enough to overcome economic differences between countries and help reduce the inequality and suffering that is currently occurring. But this is not a solution to overcome all the economic problems that occur... and let alone getting a uniform price in every country, every region in a country can get the same price, that is already quite difficult... especially on a global scale. On the other hand, if for example this idea is realized, then this will have negative impacts that are quite detrimental, one of which is that business competition and innovation will weaken, because without price flexibility, perhaps a company will lose the drive to maintain the quality and increase the quality of its products. Meanwhile, in a business, competition between competitors is very important to maintain product quality.

That would not be possible as local produce are cheaper because they don't require to be transported on a long route. The paying capacity of people in developed and underdeveloped countries are different, a global fixed price would make poor people more poor.
But I'm in favor of local fixed price. There should not be coupons and discounts and there should be a fixed percent the producer could mark up the price and everyone could buy at the same price in multiple stores online or offline. Doing that would save people a lot of time and money and our economy would be more efficient.

The marketers with the products have to add up the cost of transporting the goods or raw produce, after buying at the original price somewhere else and that's why prices of things get high when the arrive in the local market too.

Also is the case of wealth redistribution that will happen if prices of things correspond both in the international and local markets, because besides affiliate marketing that would have to become obsolete and not a profitable online business venture for new and even old traders, there would be a free trade route and ease of access to get whatever anyone wants, among other things like an increase in emigration and immigrational movements.

This is a cross-subsidy method. Even though this idea is quite interesting to implement, the goal of creating economic equality in various countries, as well as creating comfortable and fair prices for everyone throughout the world, is a very noble goal. However, when talking about products, it seems that this is impossible to implement because there are several things that must be considered and taken into account, including production costs, distribution, taxes or customs duties, and currency values. And on the other hand, we also have to pay attention to the impact, because as a result of setting the same price, this can affect the competitiveness and sustainability of the economy in the long term.

and this kind of idea will only be realized when all world leaders have the same perception and strong commitment among world leaders. This is something that cannot possibly happen, because of the competition between Russia and America, between America and China. It's getting worse day by day.

That's possible if everyone is making same money as US, CAD or etc, but it isn't the case.

The price tag is based on the demand and supply, if a product is cultivated in Africa the price where will be the lowest and the same product has to be processed, exported, pay custom duties and whatever extra fee will be added on top of the margin of the product then it will get a price tag.

exactly,the price difference is there for a reason, its not because a government want to be different to each other its because the law of supply and demand at action.
whatever goods more common in your country than the other it will definitely have cheaper price since its more common that means the demand is having lower ratio to supply.
the world can't just set one price for all because the economy doesn't allow that, moreover we need also to delve into the difference of wages accross the world and how the currency strenght could affect the price of goods.
also, the cost of labor will definitely affect the price of goods in that country, for example, local shoes in south asian or southeast asian are definitely cheaper than local shoes in europe and so on.
doing the one price thing won't solve any problem instead it will make other problems appear.

All products around the world cannot have a fixed price because conditions are different,
The cost of transportation is one for example and will vary because of the distance to move these goods from country of production to other places is not the same. It will cost less for a product produced in Canada to be moved to the United States, than for it to be moved to another continent.
The cost of things can be the same in all the states in a country, but it cannot be the same in every country of the world.

I don't think it's a good idea if potato chips cost 5$ in the USA and in India too. Also in overall, if any country is rich, that's because another country is poor, we can't have two rich and two winners at the same time.
There was the same price tag on every product in the whole soviet union in the 20th century, it was called a planned economy. Absolutely in every soviet country, the price on any product was the same but I want to inform you that it didn't work well because the economy can't be planned, and you can't predict whether the harvest of tomatoes would be good or bad. The Soviet Union had already paid for its planned economics and it fell down, it didn't last long.

It's not that much difficult I think it's possible if countries agree to trade into a common cunnrency thay should be used all over the world for trading. Then the country whose currency will be used most support the countries that can sell the products at the set price due to financial conditions.

But that's very difficult in a sense the situation that is going around in the world right now. Countries are fighting over becoming super power and in this kind of situation it's not possible.

Is it a policy to reduce hunger or a policy to increase it to an extent where people start dying due to it? None of what you said sounds realistic or practical because different countries can't have the same prices for the same products for a lot of reasons. You can't even get things at the same price in different cities in most countries and it is because of the costs the seller has to pay to make the product available for their customers, they aren't going to pay the costs from their pocket, are they?

How do you solve the problem of the difference in the value of different currencies? 1 United States Dollar is equal to 7 or more Chinese Yuan, so if a product is sold for $5 in the US, it would cost 35 yuan in China at the same price, the same applies to every other country, especially the poor ones where the currency doesn't have a lot of value, so you can't expect people from such countries to pay as much as people in a developed country do.

Differences in prices between countries for any product will still exist because it is true, as you said, that large countries that often buy products or materials for making products from other countries in large quantities will definitely find cheaper prices. So it is through this that large countries make a decent profit when new products from that country are marketed to all other countries in the world and they also cannot possibly market them at a cheaper price. I think it's reasonable enough that it's not logical to expect the same price on any product.

Good argument but there are a lot of flaws in your argument. Do you know that there price tags could have been different because not everyone can produce a particular product like rice? And as much as you and I and the rest here wanted to reduce hunger, this kind of setup will not help.

And I think every government is doing everything at their disposals to curb whatever issues they have in their own country. But we all know that there is no balance in power in this world and there are problems that inherent, hard to solved specially if it involves humanity, i.e world peace (now we have wars in the Middle East), hunger.

Not gonna happen, what mostly happens is that products that's likely $5 in US and Canada are like $0.5 from China and they import it there.

Not that way of solving world hunger. What leaders need to do is to promote planting, starting from own backyards, to fields and even in the building apartments if they have small space.

This is a very laughable idea and I could just imagine how you came up with this. This your idea is by no means scalable and it will not help the word economy. Without going far, let me use simple example and explain something to you.

If country A has poultry farm, as such they have more chickens and eggs which they export. Don't you think it will be nice that if a dozen of egg is sold for $5 in other countries (B,C,D...), it should atleast sell for something less than $2 in the country it is farmed(A). If the country it is sold flat rate in all the countries, how do you augment for transport or shipment fees and other fees.

That’s just impossible.

We are in different parts of the world and goods and services are priced differently even if the currencies were all valued the same. Do you think things that are abundant in Asian countries would be as expensive in USA? Or the other way around?

How would that exactly solve world hunger if we are to follow the US dollar, that would make for a very expensive currency that would only worsen economic status especially of the poor.

Haha , if that price will be same as in Asia for sure no one will purchase rice then  this is why there is a standard in each country because that is the amount that each can carry.

i don't know where did this comes from but for sure this is for those super power country and not for the 3rd world .

and also those super country will benefits from this because they can buy cheaper product from us but we need to buy expensively from them.

The OP has good intentions and although this way of thinking cannot be applied to traveling in any country and comparing other products with the same bitcoin price around the world is a different matter. Likewise, bitcoin also requires shipping costs, but the price remains the same. The further problem is not just shipping costs, but the products created will generally have varying prices in a country due to applicable taxes, job funding and other needs.

Bitcoin has the same level of selling price everywhere and there is no difference in the price of bitcoin in Indonesia, America, Canada or other countries. So bitcoin is the basis why currently people who have placed money in it, apart from not losing the value of bitcoin, are also quite reliable in surviving in the long term.

Don't you think the reason why op thinks every product price should be the same in all countries is because the price of bitcoin is the same in every country 🤔. It looks so funny for OP to think in this manner. He never thought of shipping cost is also a reason why things can never be the same in the world. When you get to know bitcoin new, the joy you derive can make you think this way. 😉

Your assertion is impossible and without you understanding how economy works, you’ll only be thinking this is a way out but you’re very far from it. All fingers are not equal and on how many times you reduce to make the price of products equal nationwide, there will still be people that can’t afford it and that becomes very hard for them to have a good living. Let the prices be moderate according to the economy of every country and how their minimum wage is being distributed. Those that can’t afford to reach the class of the minimum wage level can always get help from those above. The world is designed that way, it cannot be perfect and when you try to make it perfect, it make things worse and not conducive for the people living there.

bananas are going to be costly in iceland and cheap in central america

but 1 btc is the same cost in Iceland 🇮🇸 as Panama 🇵🇦

I think he is refusing  to acknowledge spoilage and shipping costs exist for the bananas but not so much for the btc.

Yes that is where the problem lies demand and supply will surely be a determinant to any product and the population density including where the raw materials is source out. It's easy to achieve regional tag Price on product but the world seem impossible, though I day can be make to celebrate but I don't think if that is achievable currently but may likely in future where demand and supply is in equilibrium of the product including the exchange rate to every nation. I stand to be corrected those with deep economist knowledge can elaborate more is this is possible.

That's a roundly terrible idea and it make no sense. Supply and demand already explains the massively complex logistical chains that span the world. It's part of the basis for capitalism and what you're describing is pretty much how communism tried to work - every attempt has failed because human nature makes it ineffective. Companies exist to make profit ultimately and the driving force behind that is capitalizing on niches or where there are value discrepancies somebody can make a profit on. I don't know who you think would be setting the value of all these random objects, or why some places in the world should subsidize the cost of them while others pay far too little based on how hard it was to get them the item.

Do something to show everyone that you can do something useful for the country, for the world, don't just come up with ideas because anyone can come up with thousands of ideas much better than you. But the problem is how to implement them, how to make leaders listen to what we say, that is the problem that needs to be solved first.

Don't just throw out random ideas that anyone can think of, and you do nothing but like asking people to follow your ideas. It seems like you're too naive and don't have much experience with the real world you're about to face.

If you want the same price for a product in all countries, I think it will be very difficult to happen and even any government will not be able to implement it in the near future because each country has its own product price benchmark. Apart from that, the prices of imported goods and exported goods will also be different in terms of price because there are costs that must be borne by the party who imports certain goods from other countries into their own country.

So this will cause a slight difference in the price when marketed and goods dealers and goods distributors will also calculate the transportation costs they have to incur when marketing to every corner and country. That is why sometimes we find goods at slightly different prices in other places, which we have to understand because considering the costs and transportation, unless these goods can be produced in all places or by all countries without relying on transportation or any costs to market them.

And regarding reducing the suffering and hunger that still exists in this world, I think the sellers of goods will also suffer if they cannot make a profit through their own sales and they will also be hungry in the end because they really expect profits from the sale of their merchandise. So you also need to pay attention to this because everyone in this world really needs money to live more comfortably without facing hunger and suffering.

It is impossible, don't forget about logistics. There's a cost for transferring goods and products and that's why if it's cheap somewhere else, and then it becomes more expensive elsewhere due to the transportation cost of it.

This is the reason why those self-sustaining countries and those that have food security are enjoying the benefits of their own.

Their people don't have any problem with the rising inflation because even it's happening globally, they can stand onto their own economy and doesn't need to import those products that they need to consume.

So you really Think that the countries you mentioned will implement these kinds of prices to the products sold in their countries. China is planning to launch its own currency into the market as a international currency and Russia is supporting it. These two super powers are on one side and USA is on the other side.

Only the European countries will support USA in that other than them no one will co-operate with it. It's a good plan to implement but due to international tensions amongst countries it doesn't seem possible till now.

This will be possible if the whole countries merges as one nation where the central government will subsidize the prices of goods that'll travel from one region to another, but we all know that it's not possible to have one world united government. So far we still have commerce where costs of productions are different and it's governments and individuals that determines the prices of commodities, then a single price for commodities in the whole world is not possible. It sounds good in theory but impossible in practical.

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.