Prohibitiveness

Prohibitiveness refers to the quality or state of something being restrictive, preventing or discouraging a particular action, behavior, or transaction. It encompasses the degree to which something is forbidden, costly, or difficult to engage with, either legally, financially, or practically. It highlights the barriers, limitations, or deterrents inherent in a situation or circumstance. The higher the prohibitiveness, the less likely individuals are to pursue the action in question. This can relate to financial restrictions, legal constraints, or the inaccessibility of resources. The assessment of Prohibitiveness depends on the context and perspective. A perceived barrier by one might not affect another similarly.

Prohibitiveness meaning with examples

• The high tax rates on imported goods created a Prohibitiveness that stifled international trade, as businesses were unwilling to pay the exorbitant duties. This led to reduced product availability and increased prices, affecting both businesses and consumers alike. Many chose not to engage in international commerce. This affected national trade growth negatively.
• The Prohibitiveness of accessing certain healthcare services due to high costs, lack of insurance, or geographical distance meant many low-income families delayed or avoided necessary medical attention, which increased risks of illness, worsening health outcomes, and increased the strain on the public healthcare system as illnesses escalated.
• The Prohibitiveness of building permits and stringent regulations imposed on construction projects delayed many urban renewal projects, discouraging potential investors and developers who found the process too complex, time-consuming, and expensive, leading to urban decay in some areas.
• The Prohibitiveness of traveling during the peak season, with extremely inflated flight and accommodation prices, discouraged many families from taking vacations, opting instead to stay home or travel off-season. The high prices created an effective barrier to leisure, leading to dissatisfaction.
• The Prohibitiveness of borrowing money for starting a small business, due to high-interest rates, collateral requirements, and rejection of loan applications, prevented many aspiring entrepreneurs from pursuing their ventures, hindering economic development in local communities as new businesses create new employment.