The life cycle of an industry with an international market typically involves:

Question

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The international migration of production is a common stage in the life cycle of an industry with an international market. As the industry matures and competition increases, companies often seek out cheaper labor and production costs overseas in order to remain competitive. This leads to the international migration of production, where companies move their manufacturing facilities to countries with lower labor costs and regulations.

The Life Cycle of an Industry with an International Market