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Lebanese economic growth starts with you: The power of choosing local products
News Bulletin Reports
24-12-2023 | 11:06
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Lebanese economic growth starts with you: The power of choosing local products
In a collection of imported goods and another one of the same items but 100% Lebanese-made, which one is better?
The first point to consider is the quality, knowing that many Lebanese products rival foreign brands. The second point is the price.
However, which should be chosen if the price of the Lebanese and foreign products is the same?
Let's examine each case:
When buying a foreign product:
- We are paying for the raw materials, all of which are imported.
- The cost of labor and other expenses also goes abroad.
- The profit from the purchase goes to the merchant or the Lebanese importer.
However, when buying a Lebanese product:
- Part of the raw materials may come from abroad.
- But the cost of labor and other operational costs remain in the country.
- The profit goes to the Lebanese factory, helping it grow and create more job opportunities.
Therefore, remember that every time you buy a product made in Lebanon, you contribute to keeping a more significant portion of the money in the country, supporting local factories and the families they employ.
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