buy custom Domestic versus Imported Goods essay

buy custom Domestic versus Imported Goods essay Today American market offers exceptionally wide range of goods and services due to intensive development of the global trade. Both online and retail stores offer domestic and imported goods for sale, and consumers are free to make their choice. However, disputes are often rising over whether buying imported instead of domestic goods contributes to weakening of the American domestic market. The purpose of this essay is to reveal major issues that refer to imported versus domestic goods competition by comparing two similar items of clothing. In addition, the paper focuses on the impact of buying imported rather than domestic goods. We had chosen two items from online shops to conduct the comparative analysis. One of them is an imported item and another is an item produced by the U.S. brand. This first refers to the pair of shoes by GrownSewn, a famous American brand, and costs $275. The chosen model is Beloit 6, plain toe boots. It is available in two colors, black and brown. The size ranges from 7.5 to 12, but only two of them are available, 8.5 and 10. The pair of boots belongs to the lasting collection that exists since 1892. Each item in it is made out of American produced materials. Undoubtedly, American consumers can afford such shoes, as the price is reasonable and corresponds to products quality. owever, a similar model of boots by Zara, a Spanish world famous brand, is much more lucrative choice. Zara offers alike pair of shoes of high quality for lower price, namely $139. These boots are made out of cow leather; the sole consists of thermoplastic rubber and reconstitute leather, which are absolutely reliable. Second, all the sizes are available in the online shop. Finally, Zara offers other alternatives of this good for reasonable prices. All these factors increase the likelihood of higher sales in Zara rather than in GrownSewn. Imported product obviously has a beneficial impact on financial resources, as the customer will save $136. Buying an imported boots has numerous advantages not only for American consumers but for the entire sector of domestic economy. It creates competition and encourages domestic producers to reduce prices (Manzella, 2013). Also, import assists the quality of life to improve by preventing inflation. Eventually, due to import, people may spend more money on education, health, and other spheres that largely contribute to economic development (Manzella, 2013). Moreover, import has a positive influence on the development of domestic firms, encouraging them to improve their strategies and to achieve greater competitiveness. The experts suggest that domestic firms should focus on goods quality increase to attract consumers and to cope with their international competitors (Amiti Khandelwal, 2009). Even if goods are of excellent quality, there are things to improve and to make the products more attractive. However, upgrading goods quality does not obviously result in a sustainable growth and competitiveness. There are many additional suggestions, such as developing new effective business strategies, involving modern technologies and others. However, import may also have negative impact on nations economy. For example, import leads to domestic goods substitution and domestic economy becomes less self-sufficient. What is more, if products that can be manufactured in the USA are simply imported, the manufacture would decrease and people would lose their jobs (Manzella, 2013). In conclusion, today foreign goods can easily enter domestic markets, and the U.S. market is not an exception. Consequently, American customers have an access to much wider choice of goods. This permits people to save and to invest their money into other sectors of domestic economy, such as education. However, each product purchased from foreign companies dooms the U.S. domestic companies for extremely tough competition, encourages them to improve production and to reduce costs, decreases of domestic manufacture and raises of unemployment rates. Buy custom Domestic versus Imported Goods essay