Quote:
Originally Posted by Lynx-lynx
Darryl another thing is that the arguments about factoring comparative average earnings between countries (and other indices) don't make much sense to me because book buying is a discretionary purchase item, unless of course the book is a compulsory text for a course.
So as a discretionary expenditure book buying just sits in with all the other items, big and small, that either make the budget now or at some other point in time.
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Prices are determined by local conditions. The more discretionary income the higher a price may be.
Market conditions between Australia and India are quite different, therefore, so will retail prices generally speaking.
Only recently have people been able to shop across borders and this will affect local businesses in the future. Perhaps, the general economy by means of higher unemployment and increased taxes.