This is an Economic Question

Economics
Tutor: None Selected Time limit: 1 Day

For some food products, the local option may be the less sustainable option. Explain why and give examples. What about your location

Oct 8th, 2015

Thank you for the opportunity to help you with your question!

From the economic point of view, generally local sourcing is a more sustainable option unless in any specific case it is not economically viable to produce something locally. For example, growing tea requires very particular kind of climate and soil, which is not possible everywhere. Thus companies import tea from places like India (Assam Tea) and China. If somebody tries to produce it locally, the quality will not be very good and customers will not buy it as competitive prices (or, will not buy it at all).

In my location, farmers grow Mangoes and export it to various countries.

Same is true for processed foods. Processing units are generally set up near to producing locations to minimize cost and have continuous availability of raw materials.

Please let me know if you need any clarification. I'm always happy to answer your questions. Kindly best this answer if it has helped you.
Oct 8th, 2015

Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.
Click to visit
The Notebank
...
Oct 8th, 2015
...
Oct 8th, 2015
Feb 25th, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer