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You can also reduce the cost of those inputs by importing or producing it in your home market. I'm in the process of doing this with my arms industry just now which I have been subsidising up until now.
If the number of sales is less than the number of buys, the prices will drop as well so be careful not to overproduce something that there's no demand for.
its about building up a production chain in your market.
https://www.youtube.com/watch?v=SUiKUsSk0HU
Or you have this series as well:
https://youtube.com/playlist?list=PL_3rLv22kp6Rlx4hEmYLM6W8q6rG9JJL8
You can also change production method.
You could also try importing the inputs a factory needs if prices of those inputs are high in your own market.