Countries that export value-oriented products rather than commodities tend to enjoy more stable prices for those products.

Question

Quizplus · Accepted Answer

This is because value-oriented products are differentiated in the market and have higher perceived value by customers, which allows producers to charge a premium price. Commodities, on the other hand, are often interchangeable in the market and subject to price fluctuations based on supply and demand. As a result, countries that export value-oriented products tend to have more stable prices because they have more control over the supply and demand for their products.

Countries That Export Value-Oriented Products Rather Than Commodities Tend to Enjoy