Author Question: China has been viewed as a low-cost provider. Name three factors that contribute to China's ... (Read 103 times)

Jkov05 · **on:** Jun 29, 2018

China has been viewed as a low-cost provider. Name three factors that contribute to China's competitive advantage.

Question 2

How can economic productivity be increased?

amcvicar · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

China's competitive advantage comes from (1 ) economies of scale, (2 ) the use of manufacturing technology, and (3 ) low-cost labor.

Answer to Question 2

Research and development and technology are keys to increasing productivity. Another strategy is maintaining strict control over costs.