MemberApril 27, 2022 at 7:03 PM100 Network PointsActivity Points 840
These days supermarkets selling all those items which are majority of time imported from other nations rather supporting local sellers. Pricing and resources can be one of the few reasons for buying products from overseas. This essay will provide logical reasons and negative development of such activity and how it will affect our growing economy.
There are many reasons why walmarts are providing variety of products to customers because buying products from outside countries has become economical and they are providing those products which cant be produced in their own homeland. Firstly price plays an important role when it comes to imports, sellers will purchase those commodities which can be bought at low rates. In other words, businessman will sell those goods which have a profit margin as buying products at cheap prices can be sold at high prices. Secondly when goods are bought from overseas lack of resources is also one of the major reasons. For instance, sometimes there isn’t enough capital, equipment, land, or climatic conditions which are required to produce those items as a result sellers have to buy from other countries. Blueberries, avocado, raspberries are commonly imported items.
As a result selling commodities from other countries affects the economy of the country and affects local producers. In school, we have read about export and import. When the country’s trading is dependent on imports it shows the major portion of money is spent in other countries which to employment and development in those countries. Furthermore, it hampers the growth of local businessmen or producers.
In conclusion, the rise in imports has given consumers the opportunity to have a variety of items but has affected the economy of their own homeland. Thus, serious actions should be taken by the government by increasing taxes on imports and providing subsidies to local producers.