A century later, insulin medications remain essential in treating diabetes, and have relatively low production costs, with a vial generally costing less than $6 to make.
They've been seeking out Chinese companies generally that tend to have obviously extremely low production values, relatively high quality for the cost of the items that they're selling.
In a complex modern economy, businesses achieve lower production costs by operating on a huge scale requiring far more labor, machinery, electricity and other resources than even rich individuals are able to afford.
(pages 492–493) 8. In the absence of restrictions on international trade, would low-wage countries tend to take jobs away from high-wage countries through lower production costs that would allow them to sell at lower prices?