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How is the smile curve applied in economics?
The "smile curve" in industrial economics shows that the processing and manufacturing industry is at the bottom of the added value curve of the industrial chain, and its profit is relatively weak. If enterprises want to gain more added value, they must extend to both ends-either to the parts, materials, equipment and scientific research at the upstream end, or to the sales, communication, network and brand at the downstream marketing end. Generally speaking, the more you go to both sides, the more added value enterprises get. I believe that every enterprise in the market can find its own position on this curve, judge the competitiveness level of its own enterprise, and find a deeper expansion direction of its competitiveness.

History's smile curve is divided into three sections (pictured): the left section is technology and patent, the middle section is assembly and manufacturing, the right section is brand and service, and the curve represents profit. The middle part of the smile curve is low and the left and right parts are high, so the whole curve looks like a smile symbol. The meaning of smile curve is: to increase the profits of enterprises, it is by no means continuous in the assembly and manufacturing position, but moving to the left or right position. His old man may be out of his mind, forgetting that profit has nothing to do with which part of the curve you are in, but with the strength of your opponent, but it doesn't hurt our loan.

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