Friday, August 05, 2022

Why Telecom Services, Goods, Cost of Living is Expensive in Australia

In a country like Australia most industry verticals follow 3 or 4 pillar model like Banking (CBA, NAB, ANZ, Westpac), Retail (Coles, Woolies, Aldi) or Mining (BHP, RioTinto, Fortescue) Telecom Industry is heading towards a 4 pillar model.Since most industry verticals are in oligopoly, products & services are priced as status quo or skimmed, economic pricing is missing in most cases hence resulting in higher prices for consumers & higher cost of living.


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