Low Cost Countries Definition
Low cost countries are those where production costs are lower than in other countries. This can be due to a variety of factors, including lower wages, lower energy costs, and lower taxes.
Many companies choose to locate their manufacturing operations in low cost countries in order to reduce their overall production costs. This can be a successful strategy if the company is able to find a country with the right combination of low costs and good infrastructure. However, it is important to note that there can be risks associated with this strategy, such as political instability and currency fluctuations.
