Aug
Why are prices so much higher here than they are in other countries?
Posted by admin as Petrol Prices Australia
Well I don’t know if this is a question that has been asked before, but why is it that everything in Australia is so much more expensive then things, in say, the USA? Petrol, housing prices, electronics, cars, appliances and just about everything is so expensive here in Australia. America is the most powerful country in the world, yet they have prices cheaper than Australia. I have a hunch that it might have something to do with our population. America have tons of people, so does that mean things are cheaper because there are more people to buy it?
No, it has nothing to do with the population.
It has everything to do with something called INFLATION where goods such as groceries and petrol increase in price. Rising interest rates push house prices up significantly as people struggle to pay off mortgages.
It is caused by high demand and low supply – where customers are requiring more goods so the goods increase in price.
Not as expensive as they are in the UK, our prices are cuckoo!
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I have to say ive heard that its pricy down there.. its pricey here to in canada gas just went to 1.50$ a litre today..:P
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I have no idea lol
Here in the U.S. everything seems to be cheaper.
Gas prices for instance: here, they are almost 5 dollars a gallon, but in other countries they are almost 9!
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No, it has nothing to do with the population.
It has everything to do with something called INFLATION where goods such as groceries and petrol increase in price. Rising interest rates push house prices up significantly as people struggle to pay off mortgages.
It is caused by high demand and low supply – where customers are requiring more goods so the goods increase in price.
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You may have a lot of monopolies over there. In America, you charge too much and people go elsewhere for the same goods you offer.
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no it is not.
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could be due to shipping goods into your country
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supply and demand AND USA borrowing huge against itself and its future – here in the USA we have such a large and diverse country that competition is super tough which causes a need to be cheapest seller to get customers which in turn causes people and companies to learn how to be very efficient… along with that we borrow huge amounts of money (our government) and it goes back into the economy in one form or another.. take away our large geography (land) or our borrowing power (as a government) or our diverseness as people (we get ideas and minds from all parts of the globe) and we would stumble very quickly… we need all 3 to make it work, but the borrowing is having a negative affect right now… prices are going up, job wage increases are getting smaller & more infrequent, jobs are decreasing or at least falling behind population growth, people are borrowing more on credit cards, homes being foreclosed on is increasing, and many many items are increasing far faster than wages such as gas, heating fuels, foods, clothing, services, etc.
btw i have been to many parts of planet and researched even more and it is without a doubt that USA has best ratio of wages to cost of living but it is changing and no country can stay in that position for too long in the global climate we have today and my personal 2nd choice would be Australia based on wages, cost of living, stable gavernment, and modern tachnologies and conveniences so count your blessings cuz you do have a pretty good deal there
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I think it has to do with the value of your dollar. Although the US dollar’s value is dropping, today it is at .95. So for 95 cents US I can get an Ausie dollar. (5% discount +/-) That would indicate that the Aus $ has a little less buying power than the US dollar.
I don’t know if this is quite the difference you’re speaking of, but that would be one of the factors. Shipping, I’m sure, is another.
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Yes, more people means a better economy.
Now, I know I am not supposed to do this (I rarely do) but I need some answers and maybe no one has yet look at the question. So, could someone go here and answer the questions please? here:
http://answers.yahoo.com/question/index?qid=20080612015359AA6wh2B&r=w
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The value of the dollar is dropping . With a lowering valued dollar all prices will go up .
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