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Q: Are products made in other countries cheaper than those made in the US?
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What is the importance of globalization?

Globalization causes prices of products to go down. Businesses can have their workforce in another country, and pay them less. Because it is cheaper to make those products elsewhere the consumer can purchase these products for really low prices. This helps people in other countries buy what used to be expensive items, for really cheap.


Do both countries benefit from export trade?

Yes, I agree with the opinion the export trade helped both the countries. It will be a great opportunity to export goods of a particular country to other countries because that would bring money and also fame for a country if its exported products are good. The traders of that country would get enough money for their products. The people of the countries which import those goods maybe benefitted as their choices for goods increases and they could even use those products, which are made thousands od miles far.


Why do businesses import from other countries?

Businesses may import from other countries due to either of the below reasons 1. Due to short supply of those items from the local market 2. Due to cheaper prices of the same items in other countries 3. Due to items not being available in their own country 4. As a means to create relationships with other businesses/countries 5. The main headquarters/warehouses could be in other countries 6. Due to better quality of products 7. If it's a cultural type of business, they may import as a means to make it more cultural 8. If it's based on a type of cuisine, they may import to make it as close to the cuisine as they can


What are the difference of products sold by developing nation than those by developing countries?

Products sold by developed nations versus those solid developing nations are different in that those made in developing nations are cheaper and depending on the nation are inferior or sometime superior to the same product made in a developed nation. Developed nations have access to raw materials that may not be available in their own country, which can improve the products they can make for export. For example, China has access to copper and steel from the US and other countries. Recently, they purchased a US company, Smithfield Farms, that produces pork, which they need for their citizens. This is rapidly changing them from a developing country to a developed country. However, in doing so, they have ruined their environment and have limited the lives of their citizens to provide cheap labor. They have a way to go. India is another country that is on the rise, as their citizens become more educated in information technology and the medical fields.


When the dollar rises compared to other currencies which group benefits the most?

those who import products from oversees

Related questions

What products that are exported from the country to other countries?

Those are known as exports They are exported goods


What is the importance of globalization?

Globalization causes prices of products to go down. Businesses can have their workforce in another country, and pay them less. Because it is cheaper to make those products elsewhere the consumer can purchase these products for really low prices. This helps people in other countries buy what used to be expensive items, for really cheap.


What is importance of global?

Globalization causes prices of products to go down. Businesses can have their workforce in Another Country, and pay them less. Because it is cheaper to make those products elsewhere the consumer can purchase these products for really low prices. This helps people in other countries buy what used to be expensive items, for really cheap.


How much time is products from other countries take to come to Australia?

That depends where those other countries are. Products from New Zealand may take less than a week, while products from UK may take 2-3 months.


Why does GAP use other countries to produce its products?

because people are so desperate in those countries that they can get away with paying them below the minimam wage.


Where can you get fake ann summers?

I don't know about fake ann summers products, I'm not sure you there is any such thing? but I'm sure you can buy cheaper similar products on those other sites like www.LoveHoney.co.UK, www.GetMePleasure.com and www.TotallyPleasure.com etc etc


Where can I get the best deals for Mizunos?

You can compare prices on websites and in stores that sell those products, but remeber that you pay for the quality. They are expensive, but they are better quality than cheaper products.


How are countries independent on other countries?

Some countries are not a lot in common , therefore those countries have independence from other countries. Some countries are peace countries so the are not involved with other countries that are in war. Or at the end of a war two countries sign a peace treaty , saying that those countries are independent.


Do both countries benefit from export trade?

Yes, I agree with the opinion the export trade helped both the countries. It will be a great opportunity to export goods of a particular country to other countries because that would bring money and also fame for a country if its exported products are good. The traders of that country would get enough money for their products. The people of the countries which import those goods maybe benefitted as their choices for goods increases and they could even use those products, which are made thousands od miles far.


Which other domain has Google?

Google has various domains for the various countries in the world. However, within those domains, there are also subdomains for many of Google's products and services.


Should the US police other countries?

no Do the people in those other countries want us there?


Where do they get their food in Ireland?

A lot of food is grown in Ireland. Ireland also produces dairy products and also beef, pork, poultry and lamb products. Things that cannot be produced in Ireland are imported from other countries that do produce those foods.