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by lottin
1361 days ago
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Do you read your own quotes? Where does it support your claim that a weakened currency does not affect the price of exports? It says the exact opposite. Exports increase because they become less expensive: > A weak currency may help a country's exports gain market share when its goods are less expensive compared to goods priced in stronger currencies. The increase in sales may boost economic growth and jobs while increasing profits for companies conducting business in foreign markets |
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>But then you can invest that extra profit in decreasing your foreign currency price, thus becoming more competitive.