Advantages Essay

1. The global economy may be viewed as a pyramid. The growing number of opportunities at the base of the pyramid highlights the role this bottom tier will play in the years to come. How would you take advantage of this often-ignored level if you were occupying a top management position at a prominent MNE? ANS: The global economy can be viewed as a pyramid. The top of the pyramid consists of one billion people with per capita income of $20,000 or higher. The second tier consists of another billion

manufacture of products, while distribution licensing gives the licensee the ability to market and distribute products in an area. Brand licensing allows a firm to use a firm’s brand. Licensing enables the licensor to benefit from the skills, comparative advantage, and other capacities of the licensee (Morschett et al., 2015,

Are you for or against NAFTA? When it comes to free trade I have a mixed reaction about it because it has its advantages and disadvantages. The most frequent word that is overused especially in an election year is “free trade and outsourcing. However according to http://www.economicshelp.org/, free trade enables countries to specialize in those goods where they have a comparative advantage .If country “B” specializes in producing a particular good and another country “A” specialize in making a certain

limits or quotas or barriers or unbalanced tariffs is the dictionary definition for a free trade agreement (FTA). There are both advantages and disadvantages attached to FTA’s which is shown in figure 8.0. Australia has FTA’s with the following countries:  New Zealand  Chile  China  India  Indonesia  Japan  Korea  Malaysia  Singapore Thailand Figure 8.0 ADVANTAGES DISADVANTAGES Creates stronger ties with trading partners Unemployment may occur Encourages investment Can lead to pollution

• Google Maps - Latest release of Google Maps for desktops includes listings of restaurants in the neighborhood. It also facilitates restaurant search and provides photos, reviews, ratings and even the floor the business is located at. Zomato’s advantage over Maps is that Maps hasn’t started menu listings yet

purpose of science. The Ricardian Model The Ricardian trade model is a simple yet powerful theory that refutes common fallacies about the causations of trade flows. It illustrates that, instead of absolute advantage, it is comparative advantage that brings forth the gains from trade. Comparative advantage refers to the ability to produce a product at a lower opportunity cost than another. This ability is the result of

Free trade has been a part of the liberal prescription for international relations for a long time where it is often defined as the economic policy that allows imports from and exports to foreign jurisdictions. Unlike trading within nation, free trade allows buyers and sellers from separate economies to trade goods without the domestic government applying tariffs, quotas, subsidies or prohibitions on their goods and services. Therefore, free trade is often seen as desirable because it allows customers

The theory of comparative advantage is perhaps one of the most important concepts in international trade theory. A country has an absolute advantage in the production of a good relative to another country if it can produce the good at lower cost or with higher productivity. Absolute advantage compares industry productivities across countries. In the case of Zambia, for instance, the country has an absolute advantage over many countries in the production of copper. This occurs because of the existence

combination and interdependence of markets between one another to eventually create one global marketplace. (Hill, et.al, 2014) The Globalisation of Production is the utilization of goods and services provided from locations around the world to take advantage of differences which exist between countries in terms of cost and the overall quality of factors of production, ( Land, Labour, Capital, Entrepreneurship). (Hill, et.al, 2014) For a market to eventually become Global it must first be able to operate

It is often used to convey power to the wheels of a vehicle, particularly bicycle and motorcycle. It is also used in a wide variety of machines besides vehicles. Advantages:- 1.As no slip takes place during chain drive, hence perfect velocity ratio is obtained. 2.Since the chains are made of metal, therefore they occupy less space in width than a belt or rope drive. 3.It may be used for both long as well as short