Explanations

How a Vietnamese Village Makes 50,000 Incense Sticks A Day

Graham Watson

3rd February 2022

This Business Insider clip looks at Vietnamese incense sticks. There's lots of economics here - including trade protectionism and branding.

But for me the big thing is the demonstration of economies of scale obtained in this labour intensive industry.

How a Vietnamese Village Makes 50,000 Incense Sticks A Day

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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