Which factors determine the product pricing? Production cost, marketing cost, living cost, labour cost, targeting people's ability to buy, availability of the product, competition, people's knowledge about the probable cost etc.
In Canada, I think only one factor works to determine the cost. It's the first world, so we have lots of rich or good earning people. So, prices of the products are as high as possible. Business men's target is that good amount of rich people. The product they collect from China by $1 and sell in Canada $300 to $700. You can't amazing how much profit they are making. So, these businessmen are becoming rich to richer. What about the low-earning people? Who cares, the government will give them little money with which they can buy some bread, they will eat one time in a day and expend rest of the day with water.
All costs of living can be brought at the range of the most people. That will bring better living style, better environment and will create better next generation.
I don't know, why the system is going on like that. is it because the system is run by rich people like this?
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