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Goods that are cheap and of low quality often compromise durability and performance in favor of lower production costs. These products may appeal to budget-conscious consumers but can lead to dissatisfaction due to their short lifespan and potential safety concerns. While they may initially save money, the need for frequent replacements can ultimately result in higher long-term expenses. It's essential for consumers to weigh the trade-offs between price and quality when making purchasing decisions.

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What is the noun for the word cheap?

The noun form of the word "cheap" is "cheapness." This term refers to the quality of being inexpensive or low in cost. Additionally, it can also imply a lack of value or quality.


Difference between normal goods and inferior goods?

Normal goods are everyday things that the average person would own. Inferior things are more of a low quality item that is considered for poor people.


What is the meaning of the word ''cheap''?

Inexpensive and of poor quality. Although things designed to be inexpensive are inevitably of poor quality, so it goes without saying that if an item is always available at a low price (e.g. at Walmart) it is of poor quality.


What effect does the lack of competition in command economies have?

very high pricesvery low pricesvery high quality productsvery low quality products A.very high prices B.very low prices C.very high quality products D.very low quality products Answer is: very low quality products


Why firms with low quality goods can survive in planned economy but not in market economy?

In a planned economy, firms with low-quality goods can survive because the government often dictates production and distribution, reducing competitive pressures. These firms may receive state support or lack incentives to improve quality, as consumer choice is limited. In contrast, a market economy thrives on competition, where consumers actively seek higher-quality products, forcing firms to innovate and improve. If firms fail to meet these demands, they risk losing market share or going out of business.

Related Questions

Why are products made in Germany so high quality?

During the Centennial International Exhibition of 1876, German businessmen were embarrassed when experts called their goods cheap and low quality. They went back to Germany determined to produce quality goods they could be proud of and were successful. Germany became known for quality engineering and quality goods.


Why was the supply of the British goods limited prior to 1814?

American goods were made of superior quality, and the demand for British goods was low.


Where can one find cheap bike sporting goods?

One should not look for merely cheap, but quality goods as well. Some popular stores that sell bike sporting equipment are McCully Bicycle & Sporting Goods, Target and Bike Exchange.


What are the disadvantage of public goods?

low quality and bad service, especially in kazakhstan


Do all cheap toys have low quality?

Many cheap toys and games are cheap because they are low quality. The include cheap paint (which can contain chemicals), cheap parts, and may break easily. Shopping sales at reputable websites such as amazon.com, or shopping sales of reputable brands at brick and mortar stores is the best way to get good deals on toys.


What is the adjective of cheap?

The adjective form of "cheap" is "cheap" itself. It describes something that is low in cost or price. Additionally, "cheap" can imply inferior quality, though it primarily focuses on affordability.


What is the noun for the word cheap?

The noun form of the word "cheap" is "cheapness." This term refers to the quality of being inexpensive or low in cost. Additionally, it can also imply a lack of value or quality.


What different between Indian goods and American goods?

Well, the quality is the real difference if you were to ask me. Indian products are low in quality whilst American products are rich compared to.


How accurate are airsoft electric pistols?

Not very. Electric pistols are generally cheap and low quality.


Where can you get a Ping Pong Table cheap?

Depends on the table. Different brands have different prices. "Cheap" tables are usually very low quality. If you want a low cost, low quality table, check wal-mart. If you are looking for a higher quality table and want a good price, check out Bumpernets.com or call them at 1-800-366-PONG


Where is the cheapest hotel in New York?

The cheap hotels of New york are low quality and not in convenient places. The cheap hotels are located in downtown New York. These are about $100 and up to $150 for the same quality.


Is cheap a noun?

No, the word 'cheap' is an adjective, a word that describes a noun (cheap prices, cheap imitation).The noun form of the adjective 'cheap' is cheapness.