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2024-12-06T17:13:00.083Z

You’re in the weeds right now, but the ability to pivot and learn from each attempt is what will get you where you need to be. Keep tweaking, stay consistent, and maybe try to find a mentor I would recommend. Someone who's been there and done that.

Avani Akshay Patel

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I have question about Chinese products why is it so cheapest? Can someone give me explanation about it?

Abu TALHA zahid atz

Stealth • 5m

Well that is an amazing and interesting question. The Chinese products are cheaper because they are having economy of scale that is their costs of Factors of Production is reduced due to producing in higher quantity. Also their government provide subsides to producers which give them edge of charging lower prices and capturing more of the market share. Also their labour is well trained and having latest level of technology so thier production effectiency improves which also results in lower waste materials which also add up to charge lower prices.One last thing is that the components they require for production is also produced in China which give edge to overall china products.

0 replies6 likes

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