Thursday, May 14, 2009
the global econmy
as a consumer I play a big part in global economy. By buying products from different countries we create global economy. there is one basic law of economics 101 "supply and demand." people are willing to pay money for goods that make their live easier. costumers are looking for the lowest price possible. this create so called race to the bottom where the poorest countries produce goods for less money. on American market we can find most of the electronic kitchen appliances or all kinds of toys made in china, by buying them we become a part of global economy.
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