Write one or two paragraphs explaining why China has a comparative advantage over the US in the production of Television.

History

1 answer:

Morgarella [4.7K]3 years ago

4 0

Answer:

The first reason is that in China, labor costs are much lower, which means that the average wage for any worker is much lower than in the United States. This attracts television manufacturers because they can reduce labor costs, meaning that they can also lower the price of the goods.

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