Fiji Time: 8:43 PM on Sunday 23 July

Fiji Times Logo

/ Front page / Business

Economies of scale lead to higher price of goods

Felix Chaudhary
Friday, May 19, 2017

FIJIAN Made goods are more expensive than imported products because of economies of scale, says Fiji Commerce Commission CEO Joel Abraham.

"There will be price disparity and the reason for that is simple — the amount of production we can do is limited," he said.

"There will come a time when we will be able to increase production to a level where the cost per unit will come down and the consumer will end up paying less at the supermarket."

Mr Abraham said purchasing Fijian Made products should be viewed as an investment into the country and the people involved in the manufacturing of locally made products.

He said people who could afford to, should not compare prices with cheaper overseas goods because the benefits of buying Fijian Made outweighed the extra cost people paid at supermarkets.

"People tend to look at the cost of Fijian Made goods.

"It is not just about buying products.

"When we look at goods and services that we buy, we are looking at it from a consumption purpose.

"But the Buying Fijian Made campaign is talking about a change in mind-set where we are making an investment into Fiji.

"And that investment goes back to our fellow brothers and sisters involved in the production and processing of the product.

"And that trickles down into the economy and that money gets recycled in the economy as opposed to paying for imported products where the money goes to the country the product originated from."








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.63190.6129
JPY 56.703853.7038
GBP 0.38510.3771
EUR 0.43100.4190
NZD 0.68430.6513
AUD 0.63360.6086
USD 0.50330.4863

from

$0.00

Exchange Rate updated on 21st, July, 2017

Today's Most Read Stories

  1. Police detain chief
  2. Ovalau school makes Deans rugby finals
  3. Village has own brand
  4. Travel is a struggle
  5. West festival raises awareness on climate change
  6. Faith-based impact
  7. Improve skills and accuracy
  8. Ministry awaits full results of WHO probe
  9. Climate threat not new
  10. Rehabilitation works finish

Top Stories this Week

  1. Cane field murder Tuesday (18 Jul)
  2. Body of baby found in Nabua Wednesday (19 Jul)
  3. No threat, says RFMF Monday (17 Jul)
  4. Journals from the UK Friday (21 Jul)
  5. Former soldier seeks forgiveness Tuesday (18 Jul)
  6. Mother and children perish in fire Thursday (20 Jul)
  7. Space to share Thursday (20 Jul)
  8. $30m absence Monday (17 Jul)
  9. Baber hunts for speedsters Friday (21 Jul)
  10. Radradra in for RLWC Tuesday (18 Jul)