When taking a company, either short- run or long- run, one must consider that certain attributes are accountable for the company's effect on the economy such as the motivation of the firm or outsourcing.
Professor Porter reports, "Faced with high labor costs American consumer electronics firms moved to locate labor-intensive activities in Asian countries, leaving the product and production processes essentially the same... displayed 300 characters
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To a certain extent the statement is viable, the idea that ones product will be cheaper to sell in other parts of the world is a beneficial attribute. Implicating that one company can move more of their products at a low cost and thus more profit earned. In the United States the federal minimum wage is set at $5... displayed next 300 characters
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