Fiji Time: 6:18 AM on Thursday 23 November

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.

Code Inward TTs Outward TTs
CAD 0.62150.6025
JPY 55.262252.2622
GBP 0.36590.3579
EUR 0.41410.4021
NZD 0.71730.6843
AUD 0.64430.6193
USD 0.48800.4710



Exchange Rate updated on 22nd, November, 2017

Today's Most Read Stories

  1. 'Operation Kill Bill'
  2. Line-up unchanged
  3. Teacher testifies in trial
  4. Sex crimes
  5. Rain brings floods
  6. Mind game
  7. 'Naiqama capable of captaining Tigers'
  8. iTLTB looks into land tenancy concerns
  9. Water source for 10,000
  10. Zimbabwe celebrates end of Mugabe era

Top Stories this Week

  1. Celebration planned to welcome COP23 delegates Tuesday (21 Nov)
  2. COP23: France invite for Timoci Friday (17 Nov)
  3. The Crying Rock Sunday (19 Nov)
  4. Where there's a will... Thursday (16 Nov)
  5. Bid to win Tuesday (21 Nov)
  6. Walker brothers' radar focuses on Fiji Bati kingpin Friday (17 Nov)
  7. 'God first' Sunday (19 Nov)
  8. Timoci opens COP23 Thursday (16 Nov)
  9. Fiji Bati requests for continued prayers Monday (20 Nov)
  10. Bati rest day Tuesday (21 Nov)