how can we develop India by using the India products only
Answers
Answer:
Let's have a look at few Advantages:
Purchasing a locally produced goods let the money stay within the same country as long as the producer doesn't invest it in another country.
The prices of goods reduce because it doesn't involve complex packing and processing, the shipping price will reduce a lot.
Purchasing more goods will lead to higher profits and the living standard of employers who work in the companies will increase.
As more products are produced locally, the businesses grow and the revenue of the government also will increase in the form of taxes.
The money saved from locally produced goods can be invested back in local businesses which will further improve the quality and net worth of companies.
Less processing of the goods will reduce the pollution several times and make the products durable and life span of product increases.
All the above said will happen only if the businesses don't move their funds to other countries, the citizens should invest them back in the same country and there are many other factors that make the above stated points impossible to happen. The economies are integrated with each other in such a way that the flow of goods can't be restricted . It also depends on how far the countries are integrated with outside world and other countries products. It's very important to note that the consumer only looks at the quality of the product and doesn't really care about other factors that restrict him from buying.
Explanation:
Answer:
Purchasing locally produced goods is beneficial to the economy as long as we also export what we produce apart from domestic consumption.
Let's have a look at few Advantages:
Purchasing a locally produced goods let the money stay within the same country as long as the producer doesn't invest it in another country.
The prices of goods reduce because it doesn't involve complex packing and processing, the shipping price will reduce a lot.
Purchasing more goods will lead to higher profits and the living standard of employers who work in the companies will increase.
As more products are produced locally, the businesses grow and the revenue of the government also will increase in the form of taxes.
The money saved from locally produced goods can be invested back in local businesses which will further improve the quality and net worth of companies.
Less processing of the goods will reduce the pollution several times and make the products durable and life span of product increases.
All the above said will happen only if the businesses don't move their funds to other countries, the citizens should invest them back in the same country and there are many other factors that make the above stated points impossible to happen. The economies are integrated with each other in such a way that the flow of goods can't be restricted . It also depends on how far the countries are integrated with outside world and other countries products. It's very important to note that the consumer only looks at the quality of the product and doesn't really care about other factors that restrict him from buying.