3 ms·

You are missing the core point - the income for an average person in India is significantly lower than the US or UK. Therefore, you can not directly compare pri

You are missing the core point - the income for an average person in India is significantly lower than the US or UK. Therefore, you can not directly compare prices of products across countries regardless of the costs of the product itself. Some metrics to look at GNI(PPP) Per Capita in Int$ : India - 6,980 / UK - 42,560 / USA - 60,200 [0] GDP (nominal) per capita in US$ (World Bank) : India - 1,940 / UK - 39.720 / USA - 59,532 [1] One of those countries, is not like the other two. [0] https://en.wikipedia.org/wiki/List_of_countries_by_GNI_(PPP)_per_capita https://en.wikipedia.org/wiki/List_of_countries_by_GNI_(PPP)... [1] https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nomi...

mruts 8y ago
Are you suggesting that someone would sell a product for a lower price than what it costs just because people are poor where he sells it? PPP isn’t magic and you have to understand why some products are cheaper in 3rd world countries and why some products are the same price or even more expensive. It’s about arbitrage. Just quoting some PPP stat from wikipedia is irrelevent and missing the point. Why do you think PPP is different in different places? It’s not some magic wand you can just wave around.
- denzil_correa 8y ago
  > Are you suggesting that someone would sell a product for a lower price than what it costs just because people are poor where he sells it? Yes and it happens regularly. One example : Apple Music - USA $9.99 per month, UK £9.99 per month, India 1.74 US$ / 1.32 GBP