Low-cost food is:

Question

Low-cost food is:

Quizplus · Accepted Answer

Low-cost food is a market-based outcome, as it is a result of competition among producers to offer affordable prices to consumers. While there may be some negative externalities associated with the production and distribution of low-cost food (such as environmental degradation or exploitation of workers), the overall low cost is a reflection of supply and demand in the marketplace. The labor costs in the US may be a factor in determining the final price of food products, but they are not the sole determinant of low-cost food.

Low-Cost Food Is