Many products that we buy are made in other countries. Discuss the advantages and disadvantages of this and give your own opinion.
Most of the
products
that people
buy today are made in foreign countries. Buying foreign goods
would certainly aid to country
’s economy and present a wide variety of options for people
to choose but there will also
be some drawbacks. In my opinion, people
should prefer local products
first
because they are less expensive.
One evident benefit of buying overseas products
is that it would accelerate the revenue of the country
. When goods
of other countries are bought and sold in a native country
, they would have to pay tax for importing those products
which in turn increases the revenue of the country
. For instance
, Indomie Noodles which is an Indonesian product is popular in Australia, and it pays tax for importing it to the country
. Moreover
, people
have a plethora of options to buy when there are a wide variety of products
in the market, and they do not have to use local products
all the time.
Despite its advantages, there are some demerits of this
phenomenon. Firstly
, local manufacturers would face a huge loss in the business because people
prefer to buy overseas products
. This
would not only affect the country
’s economy but also
results in unemployment if the small scale business does no run for a long-term. To illustrate, r
esearch found that around 30% of the locally made Add an article
the
products
are out-of-business because of foreign goods
entering the market. In addition
to that, those products
are too expensive which includes taxes, and some common people
cannot afford that.
In conclusion, although
there are some benefits of buying items from other countries, the disadvantages such
as unemployment cannot be overlooked. I believe, if people
prefer to buy local products
in spite of foreign goods
, local businesses would be encouraged.Submitted by Sam on
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