What determines the cost of food ?

Food in Europe

Comenius group no. 3 – Grzegorz Rybak, Paulina Swietochowska, Danijela Grubisic, Martina Abbondio, Eda Sancer, Davide Checcucci, Filip Jurek

What does “cost” mean ? Cost is an amount of money that we have to

pay to get something. Cost means value of some products or

service.

How is the cost of Production Determined ? Mostly, the production cost is connected with technology of machines. If machine is not effective price grows.

What determines the cost of food? Producer Seller Government Technology, development

Producer The cost of transportation, The cost of production, Feeding of animals in the farms, The quality of food

Seller The cost of transportation, Rarity of product around the world, The quality of food, The popularity of the product in each country

What Determines the Price of a Food Items at the Grocery Store ? The amount of money it takes to manufacture

the package. How much demand there is for that product? How much supply the distributor can provide? The employers wages.

Government Taxes Inflation Import/export

Technology,development Technological development The increase in the cost of goods needed to

produce especially energy and fertilizer Agro fuels

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• http://www.businessdictionary.com/definition/cost.html#ixzz3EI8oMGsH

• http://bismarcktribune.com/business/local/what-determines-food-prices/article_1348dbe8-cd2f-11e1-b02b-0019bb2963f4.html

• http://amarillo.com/news/local-news/2012-08-03/several-factors-determine-food-prices-grocery-stores