World price tag on every product.

[jrrsparkles]

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.

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.

[Juse14]

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.

[Stepstowealth]

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.

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.

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.

[tsaroz]

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.

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.

[topbitcoin]

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.

[Egii Nna]

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.

 
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.

[Asuspawer09]

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.

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.

[South Park]

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.

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.

[STT]

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.

[Maus0728]

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.

[Miles2006]

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

[jrrsparkles]

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.

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.

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.

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.

[Churchillvv]

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.

[dezoel]

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.

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.

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.

[GeorgeJohn]

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.

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

[jrrsparkles]

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.

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?

[STT]

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.

[Iranus]

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.

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.

[m2017]

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,

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.

this way it will help the world leaders to remove hunger in the world,

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?

it will also help grow the economy of every country because countries can buy product from one another at a better price,

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?

this method will really help in reducing suffering in the world because hunger is one of man's major problem.

Your method will only create more suffering for everyone.

The world leaders should sit and implement this policy

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

every product will be given a price that will be comfortable to every common man in different countries of the world.

This is an unrealizable utopia.

[doomloop]

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.

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.