About: Cheap Imports   Sponge Permalink

An Entity of Type : owl:Thing, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

A high amount of Cheap Imports is a situation where a consumers start buying foreign-made products instead of domestic products in large numbers, causing the nation's GDP to fall by up to 12% and upsetting the country's Trade Unionists. People turn to cheap imports often due to a mix of low Productivity and a Corporation Tax causing the supply of domestic products to fall, thus causing their price to rise. Fixing the productivity or tax issues can reduce the price of domestic products, as can enacting Import Tariffs.

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rdfs:label
  • Cheap Imports
rdfs:comment
  • A high amount of Cheap Imports is a situation where a consumers start buying foreign-made products instead of domestic products in large numbers, causing the nation's GDP to fall by up to 12% and upsetting the country's Trade Unionists. People turn to cheap imports often due to a mix of low Productivity and a Corporation Tax causing the supply of domestic products to fall, thus causing their price to rise. Fixing the productivity or tax issues can reduce the price of domestic products, as can enacting Import Tariffs.
dcterms:subject
abstract
  • A high amount of Cheap Imports is a situation where a consumers start buying foreign-made products instead of domestic products in large numbers, causing the nation's GDP to fall by up to 12% and upsetting the country's Trade Unionists. People turn to cheap imports often due to a mix of low Productivity and a Corporation Tax causing the supply of domestic products to fall, thus causing their price to rise. Fixing the productivity or tax issues can reduce the price of domestic products, as can enacting Import Tariffs.
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