Hey I am on Medialย โขย 1y
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.
CHAIRMAN - BITEX IND...ย โขย 1y
โChina Manufacturing strategy breakdownโ Do you know China is Earning whole India gdp with the help of manufacturing. Basically China is entrepreneur economy and around 29% global manufacturing belongs to china worth ( 4 Trillion dollars ). Chin
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Founder Networking @...ย โขย 1y
Bleeding Edge: Startups Outpacing The Current Limited Market ! Bleeding Edge is a two edged sword, which can lead to your Startupโs failure if not being careful and smart enough. Having an out of the world edge isnโt just enough, if you cannot con
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