The Relativity Of Comparative Advantage Of Low Labor Cost And The Absoluteness Of Technological Advantagesthe Relativity Of Comparative Advantage Of Low Labor Cost And The Absoluteness Of Technological Advantages

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Issue:

Business

 

Written by:

Natalie S

 

Date added:

July 9, 2014

 

Level:

University

 

Grade:

B

 

No of pages / words:

7 / 1904

 

Was viewed:

7710 times

 

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Essay content:

Actually, the comparative advantages in China are of low labor cost most of the time. Compared with the labor cost in Europe and North America, the labor cost is much lower in China. And another important factor to make the low labor cost to be an advantage is of the technology. In China, the comparatively matured industrial technology that is not advanced but meets the requirements, and the reachable basic education resources that equip the labor with the necessary technologies to process have converted the low labor cost into an advantage...
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Actually, the comparative advantages in China are of low labor cost most of the time. Compared with the labor cost in Europe and North America, the labor cost is much lower in China. And another important factor to make the low labor cost to be an advantage is of the technology. In China, the comparatively matured industrial technology that is not advanced but meets the requirements, and the reachable basic education resources that equip the labor with the necessary technologies to process have converted the low labor cost into an advantage...
displayed 300 characters

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