Local differences in the prices of commodities whose natures are technologically identical are to be explained on the one hand by differences in the cost of preparing them for consumption (expenses of transport, cost of retailing etc.) and on the other hand by the physical and legal obstacles that restrict the mobility of commodities and human beings. Ludwig Von Mises
About This Quote

In today’s world, the competition of local prices is the most important factor to be considered in deciding on a trade. In order to have a successful trade, it is vitally important to know the price differences in different parts of the world. In this way, you can select markets that offer better profit margins and avoid those that become too expensive.

Source: The Theory Of Money And Credit

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