2022
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Who has topped the list of countries with the cheapest manufacturing cost in the world?
|
|
USA
|
|
|
China
|
|
|
Pakistan
|
|
|
India
|
Explanation:
Detailed explanation-1: -India has been ranked as the nation with the cheapest manufacturing cost ahead of China and Vietnam, according to a report.
Detailed explanation-2: -India has edged past China and Vietnam to be ranked as the country with the cheapest manufacturing cost, as per a list compiled by US News and World Report. On a scale of 100, India has scored cent percent when it comes to cheap manufacturing costs, the survey conducted by the American media company suggested.
Detailed explanation-3: -In addition to its low labor costs, China has become known as “the world’s factory” because of its strong business ecosystem, lack of regulatory compliance, low taxes and duties, and competitive currency practices.
There is 1 question to complete.