Unformatted text preview: domestically produced goods. I just feel that the world’s economy is more of a global economy than ever. If every country strictly bought domestic goods then it would affect the global economy very negatively. By purchasing imported goods this keeps other countries economy flowing, which in turn keeps the global economy strong. Also if a business can operate at a cheaper level, they will be able to profit more from their product, either by charging the same and profiting more from the 1 sale, or charging less, and selling more of the product. If a company can get their good imported at a lower cost than buying domestic, I feel this is beneficial for the company....
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This note was uploaded on 04/02/2011 for the course ECON 220 taught by Professor Theresiaa.wansi during the Fall '10 term at American InterContinental University.
- Fall '10