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economy in a very bad state, more than ever jobs are becoming very scarce and the productivity growth has gone down. According to today's disinflationary environment shifts the burden to productivity-enhancing cost cutting as the main route to higher profits. Yes, there will be higher profits but if the cost of production goes up then there will be less products made and that's where substitution of products will come in...
        
        
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economy in a very bad state, more than ever jobs are becoming very scarce and the productivity growth has gone down. According to today's disinflationary environment shifts the burden to productivity-enhancing cost cutting as the main route to higher profits. Yes, there will be higher profits but if the cost of production goes up then there will be less products made and that's where substitution of products will come in...
        
        
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                                    Critically discuss the threats and opportunities for an economy of your choice arising from the growth of China.
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