In developing countries, labor is cheap and low wages are paid to employees. This enables firms to manufacture products at a low cost and, therefore, to fix low prices for them too. Such goods are exported because they become attractive in the international sphere due to their price. Domestic products from developed nations cannot compete in prices with those imports, because their production costs are much higher, specially the labor costs.
If domestic products cannot compete with imports, domestic firms will not be able to sell their products and this would lead to decrease in sales, a loss of profit and to an excess of employees that wil have to be dismissed.
<u>In absolute terms, low wages in a developing country reduce the production, income and employment levels in developed countries. </u>
Answer:
No,not every product produced in the United states is included in U.S gross domestic product.
Explanation:
In the gross domestic product of The U.S, only final goods and services are included. If we talk about intermediate goods. These are those goods which are partly finished and they are used as input in the manufacturing of finished goods and services.
There are some goods and services which are produced only for personal use are excluded from GDP, because GDP includes only those goods which are traded in the market.
Lev Vygotsky's theory regarding private speech or a child's tendency to talk to themselves during play is most accepted in the research community today. His theory of private speech has been considered as significant to a lot of recent developmental phycologists. <span>Evidence has </span>also <span>supported Vygotsky's theory that private speech provides many </span>advantages in the development of children.
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I think it was china or england. hope to help.
