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"You have an industry that has struggled through time," and has been given new life "because of cheaper access to its principal raw materials, oil and natural gas," Mr. Jennings said.
The technology failed to take off, however, because of cheaper and more efficient liquid crystal displays.
The reason is that foreign producers are sometimes more efficient, because of cheaper labor or resources, or other natural advantages.
They are moving after Chinese state-controlled companies grabbed one-sixth of the global market by offering sharply lower prices, mainly because of cheaper access to rare earths.
If some prices fall because of cheaper imports from Asia, say, this is not deflation, but simply a change in relative prices.
The bursting of these raises the risk of deflation in the long run.Inflation in many countries will be negative this year mainly because of cheaper fuel.
Similar(22)
No more closures because of cheap imports.
"It fell down because of cheap materials".
And it's not very expensive, because of cheap hotels.
The development of the sulphur cycles lost momentum during the 1980s because of cheap fossil fuels.
The English were drawn to the area because of cheap living in a good climate.
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