Published at Saturday, 07 September 2019. Robot. By Parnella Auberjonois.
For companies to succeed, along with trying to create a fully employed economy, the biggest factor is cost efficiency. More and more companies rely on the cheapest alternative to produce outputs, in hopes of earning profits. Boston Consulting Group reports that it costs roughly $8 an hour to use a robot for spot welding in the auto industry, compared to $25 for a worker.
The main reason for offshore manufacturing is to reduce production costs for a manufacturer who is trying to make more profits by exploiting the comparative advantages that exist in other countries and which are not in his/her country.
Forex market is huge and is open for everyone who wants to exchange foreign currencies. Benefits from trading in forex are endless. For example, FX market is open for trade 24/7 all over the world. Forex market is extremely liquid and currently more than 2 billion dollars are changing hands every day. But every experienced forex trader can tell you, that maintaining all of your forex trades is very hard and usually takes a lot of time. Lucky for us, traders, the solution for our problem has finally come – automated forex robots.
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