Advantages of producing your products with domestic resources.

[Mikes smithen]

A lot of business owners want to make their business product and services very much unique and that is why they go extra length in making sure that they resources that is the raw materials used in the manufacturing or producing of their business products are made from foreign industries and cooperations. This alone is not bad because you are trying to create a uniqueness for your product but few months understand that it would consume a whole lot of time and most importantly money. In order to cut down cost and to be able to have a more flexibility chances, it would be nice for you to make good use of domestic resources that you have around you in manufacturing your products especially if the country you recite in have such products within their vicinity. Making good of domestic resources in manufacturing your business product also create a chance of development for the country and also it means of employment for citizens residing in the country.

 

[King bell]

It is beneficial in many ways. It enhances economic growth and generates employment opportunities, minimizes dependence on imports, improves quality control, promotes environmental protection, as well as enhance the security of a nation. This can help countries grow their economies by using local resources thus reducing the risk associated with international trade and preserve traditional skills. Such an approach may result in higher incomes for citizens, more trust from consumers and a highly adaptable economy. In the end producing goods at home through the use of local resources leads to an advantageous situation for both country’s economy and its people general welfare

 

[Holicent]

When you use local resources as raw materials for your products, it keeps money within the country. This will boost the economy greatly, it will help citizens appreciate local products especially when they see how durable and high quality it's. This will also promote the country and more. Personally, it will help you reduce cost and time taken in production which will help demand and supply. However, where the problem lies is when people are not appreciating your efforts by patronizing you. This happens when you are not giving quality or if the foreign products are more quality compared to yours, nobody wants to waste money on nothing.

 

[Etini]

When you utilize local resources for your production, be sure that your country or locality have an abundance of that resource and also has the standardized processes to ensure that those resources would be processed to the form that you can use for your products. It is actually good to do your production from locally sourced materials because most times, the prices tend to be cheaper than having to import. Importation of foreign inputs for production puts pressure on the local currency.