Chinese goods are inexpensive because the cost of labor in China is cheap. As a result, factories in China manufacture goods that cost less than if they were produced in Boston or Paris.
Chinese goods are inexpensive because the cost of labor in China is cheap. As a result, factories in China manufacture goods that cost less than if they were produced in Boston or Paris. And Western firms move their production to China or other countries because it is cheaper to manufacture there. As a consequence, millions of industrial jobs have been lost in the United States and Europe.
- Assignment status: Solved by our Writing Team
Comments
Post a Comment