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Should we buy local over global products?
Local craft products are cheaper.
Taxes, such as tariffs, are not levied on local products.
Local craft products have lower shipping costs.
Global businesses are able to achieve
economies of scale
. Therefore, the costs of their products are likely to be lower.
In order to penetrate a market, global businesses are likely to use policies such as
This is not necessarily true; individuals are able to set prices at whatever level they deem worthwhile, and smaller businesses in particular will have higher prices.