Many people assume that the goal of every country should be to produce more materials and goods. To what extent do you agree and disagree that constantly increasing production is an appropriate goal
Many people assume that the goal of every country should be to produce more materials and goods.
To what extent do you agree and disagree that constantly increasing production is an appropriate goal
Many individuals advocate for the idea that countries worldwide should maintain a steady production of consumer goods. I disagree with those who argue that each nation should prioritize mass production of goods and materials.
First and foremost, developed nations do not primarily focus on manufacturing goods. This is because production activities yield lower profits compared to other ventures. For instance, as a statistic, the production cost of an iPhone 6 is equivalent to the export value of 3 tons of rice; lucrative businesses only launch products in limited quantities. To increase income, they invest in marketing, allocate more funds to research and development activities, and enhance the quality of their products.
Furthermore, if a country predominantly focuses on mass production, it is unlikely to achieve wealth. Prominent corporations in wealthy nations engage in outsourcing by establishing a large number of factories in developing countries and exploiting inexpensive labor. Moreover, investing in enhancing services and promoting tourism is a significant advantage.
There is a reason why the objective of producing goods remains crucial for nations. There are always risks such as financial crises, terrorism, or pandemics like Covid-19 occurring, and these can lead to a downturn in the global economy and finances. Most countries have been affected by these crises, and during such periods, their primary requirement is materials and goods.
In conclusion, while increasing production is an important step to gain profit, countries that diversify their activities could contribute more to the nation's revenue.
Phản hồi