Question

Should producers such as Ravi stop production because their cost of production is higher compared to producers in other countries? what do you think?

Answer 1

Ravi should either improve the technology of his manufacturing process to complete with the imported products or try to manufacture any other product which does not have so much competition for imported products.In both cases he need to made some capital investment,for which he must approach the concerned government agencies or the banks for necessary loans.

Answer 2

Answer:

yes

Explanation:

Ravi should either improve the technology of his manufacturing process to complete with the imported products or try to manufacture any other product which does not have so much competition for imported products.In both cases he need to made some capital investment,for which he must approach the concerned government agencies or the banks for necessary loans.