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PLEASE ANSWER How do you think industries vary according to the wealth of a country? Justify your answer.

User Anthr
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2 Answers

7 votes

Answer:

They very according to the wealth of a country because the wealth of the country also reflects on how much supply there is, and if for example, there is a shampoo factory they will use less quality items because they don't have enough money or supplies to make good quality shampoo. The wealth of the country also affects how many sales are made from those lower quality items. Since the country is so poor, they don't have enough money to buy expensive products from overseas so they will buy the lower quality items, even if they know that they aren't the best quality. This might result to diseases in some serious cases, like in food industries of poor countries.

User Joshua Ball
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6 votes

Explanation:

it vary because if the country in which the company is being operated is a wealthy country it means that the company or industry will gain more customers than a country that is poor. Because if the country is wealthy people will come to that country because of it's rich economy but it also differs if the country in which the company is operating and does not offer quality service that industry will not be successful

User PillowMetal
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