Major manufacturers are in China belong to electronics and electrical goods like Phone, TV, Mobiles, DVD Players.
China produces almost all toys used in the US. they are considered the "world's factory" for that reason-reduced costs.
they let the customers and citizens decide.
40% of goods are imported from China to US
Companies in China do "contract manufacturing." If you want to have an American makeup brand but produce your goods in China, you find a company in China that makes cosmetics. They have a catalog which shows the different shades and packages they make. You tell them exactly what you want, give them a file of your logo so they can put it on the packaging, and send them money; they produce and ship your order.
It is the demand and supply which determines the goods and services to produce in the economy.
It means that the British were importing more goods from China than they were exporting goods to China.
From China (:
The economies of China and Australia are strongly complementary. Australia exports agricultural goods to China, while China exports electronic goods to Australia.
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
That's easy, you produce them for customers.
Capital Goods.