Who profits from these objects being made in another country but sold here in th epjilippines?
Question
Who profits from these objects being made in another country but sold here in th epjilippines?
Solution
Several parties can profit from objects being made in another country but sold in the Philippines:
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Manufacturers: These are the companies that produce the goods in another country. They can profit because the cost of production (like labor, materials, etc.) might be cheaper in their country compared to the Philippines.
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Importers/Distributors: These are the businesses that buy the goods from the manufacturers and bring them into the Philippines. They profit by selling these goods at a higher price than what they bought them for.
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Retailers: These are the stores that sell the goods to the final consumer. They buy the goods from the importers/distributors and sell them at a profit.
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Consumers: While they are the ones paying, consumers can also benefit from these arrangements. They might be able to buy goods that are not available locally or are cheaper than if they were made in the Philippines.
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Government: The government can profit from import duties and taxes imposed on these goods.
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Employees: People who are employed by the importers, distributors, and retailers can also benefit from their wages.
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Shareholders: If any of these businesses are publicly traded, their shareholders would also profit from increased revenues and potentially higher share prices.
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