What Trumponomics means for global trade and India
Updated : June 20, 2018 07:20 AM IST
A higher laptop price will induce consumers to purchase fewer laptops. Our total demand for laptops will fall, even as our total domestic production of laptops rises! Consequently, our import of laptops will shrink and employment in the domestic laptop industry will rise, just the way Trump wishes it to for the US economy.
Employment wise then, we have a rise in the laptop industry and a fall in the motorcycle industry.
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