1. The Current Industrial Collaps
... , high-priced basic commodities, and high labor cost are the main factors that cause an industrial collapse in a worsening economy. The primary cause of an industrial collapse is the rigid competition among companies. Buyers look for new products with a high quality at a lower price. The quality of the products, prices, and services that go with it are the major factors affecting a company's survival; therefore, companies have to ... reduce costs of production to be competitive. In addition, new entrants in the industry challenged the existing companies to do better in order to survive. ...
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