Question

If a nation's economy is based primarily on businesses that produce goods rather than services, what would you expect to be true about the goods you buy?

Answer 1

Answer:

If a country's economy is based primarily on producing goods rather than services, those goods are more likely to be of higher quality than those produced in countries specializing in the production of services or agricultural production. This is so because, as a consequence of specialization, manufacturing industries in that country would have more experience in the elaboration of these goods, which would result in a higher quality and accessibility of these goods compared to goods from abroad.

In contrast, in countries with a specialization in other areas, they would tend to produce manufactured goods of a lower quality or a much higher price, thus being second-order goods in the structure of the international market.