What does it mean "low-end products"?

[Larma]

English Language Proficiency Tests, Advanced Level

ESL/EFL Test #293 "Economics Questions test (1)", question 7

Every country experiences ......... at some point or another. This is when a country's wants are larger than the available resources.

(a) low-end products
(b) scarcity
(c) goods

English Language Proficiency Tests, Advanced Level

ESL/EFL Test #293 "Economics Questions test (1)", answer 7

Every country experiences scarcity at some point or another. This is when a country's wants are larger than the available resources.

Correct answer: (b) scarcity
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what dies it mean "low-end products"?

Larma

[Linda]

Hello,
It means low quality products. High-end products are higher quality goods.
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[Mister Micawber]

.
I don't think the key is quality, but price ('low-end' being cheap), because many companies speak of their own low-end products, or e.g.:

Palm Enters Low-End Phone Market with Centro
Palm introduced its smallest smartphone in a bid to offer a cheaper alternative to Apple's iPhone.
.
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who teaches English for a living at Mister Micawber's
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