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The Interest of Consumer

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The Interest of Consumer. The work is to be 2 pages with three to five sources, with in-text citations and a reference page. China by devaluing Yuan has provided a platform that the customers across the world have access to relatively cheaper products. This has gelled perfectly with the policy of Smith in working for the benefit of customers every time. We can safely assume here is China, by providing cheaper goods to the customers is providing the basic facilities of good food, shelter, and clothing directly or indirectly to each and every individual across different nations. Three decades of uninterrupted economic growth and five years of double-digit increase in output has made China as an unstoppable force. Already the fourth-biggest economy in the world, China is becoming one of the largest trading nations.

"When the quantity of any commodity which is brought to market falls short of the effectual demand, all those who are willing to pay... cannot be supplied with the quantity which they want... Some of them will be willing to give more. The competition will begin among them, and the market price will rise... When the quantity brought to market exceeds the effectual demand, it cannot be all sold to those who are willing to pay the whole value of the rent, wages, and profit, which must be paid in order to bring it thither...