There are different ways of importing and exporting of food and this process is known as Trading. It evaluate the economy ups and downs so few individual has opinon that consuming local food are more benefincial as compare to imported products. This essay will explain it in detail.
One reason for using your own cultivated food is to improve your gross profit as it will reduce the cost of good to the supplier and manufacturer. There are other advantage of local food manufacturing like it boost the product range and bring revenue for the country. Inaddition, by generating our own products we are able to increase the export and bring foregin exchange.
Other reason of developing the local prodcuts add more value to the country as it will support the environment such as it will provide more opportunities to the citizen and add industrialization resulting in reducing crime rate, increasing employment and well-defined system for the citizen.
On the otherhand, imported food are costly and incur different taxation that cause increase in price of goods. It will also hit our stock exchange and effect individuals in terms of inflation. Consequently, people will be devoid of having basic necessities and if available it will be at much higher prices.
In summary, a country should develop their own industries in order to bring foregin reserve and create multiple job opportunities for it citizens. Inaddition, make it self sufficient in each aspects.