Why are products made in Third World Countries cheaper than goods made in the US?

Business

1 answer:

Lostsunrise [7]3 years ago

6 0

Answer:

Demand in developing countries is lower and so the price is set lower to match the capacity to pay (such as pharmaceuticals). Locally produced goods, especially the outputs of primary production are generally inexpensive and often will be cheaper in developing countries e.g. bananas.

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