Many individuals propose that the ultimate goal of any nation should be to maximize production. Personally, I express a partial agreement with this idea, as the increasing manufacture of goods and materials is a two-edged sword, which can either contribute tremendously to the national economy or blow it to pieces.
On the one hand, it is undeniable that countries that have great production capability, for example, China or America are always placed at the top positions for national wealth. This can be attributed to a large amount of revenue generated from domestic as well as foreign markets. If the country manages to build up a universal reputation for its local merchandise, the customer base will be consistent. As a result, the country's economy can flourish provided that they can figure out the signature products and focus on promoting those.
However, there is a plethora of unavoidable problems that can cease the nation's dream of lifting its economy. One of them is when the nation's sole domination over the products is no longer valid. This can happen as the importing regions successfully replicate the original commodity and thus, becoming the competitor in the same market. As the copy goods are often preferred by the majority for their more reasonable price, the country of origin may come up against overproduction and eventually have to shift to another type of product. This is a vicious circle in the global market, which will occur to any nation unless it prospers to make their products' quality superior to other replicas.
To conclude, despite the initial profits a country can gain if they emphasize producing materials or goods, such proceeds can not last withoutclear-sighted programs for promoting and distributing the products.
Many
individuals propose that the ultimate goal of any nation should be to maximize production.
Personally
, I express a partial agreement with this
idea
, as the increasing manufacture of
goods
and materials is a two-edged sword, which can either contribute
tremendously
to the national economy or blow it to pieces.
On the one hand, it is undeniable that
countries
that have great production capability,
for example
, China or America are always placed at the top positions for national wealth. This can
be attributed
to a large amount of revenue generated from domestic
as well
as foreign markets. If the
country
manages to build up a universal reputation for its local merchandise, the customer base will be consistent.
As a result
, the country's economy can flourish provided that they can figure out the signature
products
and focus on promoting those.
However
, there is a plethora of unavoidable problems that can cease the nation's dream of lifting its economy. One of them is when the nation's sole domination over the
products
is no longer valid. This can happen as the importing regions
successfully
replicate the original commodity and
thus
, becoming the competitor in the same market. As the copy
goods
are
often
preferred by the majority for their more reasonable price, the
country
of origin may
come
up against overproduction and
eventually
have to
shift to another type of
product
. This is a vicious circle in the global market, which will occur to any nation unless it prospers to
make
their products' quality superior to other replicas.
To conclude
, despite the initial profits a
country
can gain if they emphasize producing materials or
goods
, such proceeds can not last
withoutclear-sighted
programs for promoting and distributing the
products
.