Q1. Explain how the corporate guided market mitigates the threat of under-consumption in the system of abundance. Introduction Corporate-guided markets for branded products - the general market form in the system of abundance is a new concept that revolves around increasing sales revenues. By looking at ways in which the corporate-guided market achieves this and considering the three broad economic subsystems: scarcity‚ sufficiency and abundance‚ a detailed explanation of how the corporate-guided
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Globalization is a set of processes leading to economic integration. All countries open their doors to each other. The wind of globalization has carried a lot of changes .The life nowadays depends on trade and economic relationships. Before globalization‚ countries were separated from each other. As a result ‚ every one was looking for its interset in a selfesh way which is contrary to what is happening now. However‚ people nowadays are thinking of ways that help them to communicat with one other
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Advertising has fierce critics as well as staunch advocates. Critics claim that advertisement is propaganda‚ while advocates counter that advertising fosters free trade and promotes prosperity. I believe advertising has both positive and negative effects. The United States as a country reflects how advertising affects us. While in some cases‚ yes‚ advertisement is great‚ there are some cases where it has destroyed lives. The promotion of cigarettes is a prime example of bad advertisement. “It promoted
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of barrier to trade‚ to the full-scale economic integration of two or more national economies (Keegan‚ 2002). The marketing implications of trade alliances may include harmonization of business requirements such as packaging requirements‚ a common currency that allow consumers to more easily compare pricing across countries and economic development that leads to more consumers who can afford to buy more products. There are four degrees of cooperation and integration; Free Trade Area (FTA)‚ Customs
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The adoption of export tariffs for revenue purposes d. Free movement of resources and products among member nations 2. Which of the following represents the stage where economic integration is most complete? a. Economic union b. Customs union c. Monetary union d. Common market 3. Which of the following represents the stage where economic integration is least complete? a. Free trade area b. Monetary union c. Common market d. Customs union
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identified four basic aspects of globalization: trade and transactions‚ capital and investment movements‚ migration and movement of people and the dissemination of knowledge International Trade relations : International Trade is usually referred to the exchange of goods‚ and services across international borders or territories. In most countries‚ it represents a significant share of gross domestic product (GDP). In 2010‚ the value of international trade achieved 19 trillion (current US) dollars‚ i
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different regions marked by the reduction or elimination of trade barriers and the coordination of monetary and fiscal policies. The aim of economic integration is to reduce costs for both consumers and producers‚ as well as to increase trade between the countries taking part in the agreement. Investopedia explains ’Economic Integration’ There are varying levels of economic integration‚ including preferential trade agreements (PTA)‚ free trade areas (FTA)‚ customs unions‚ common markets and economic and
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unable to affect world prices. The world price (free-trade price) is $300 per TV set. Price $100 $200 $300 $400 $500 $600 $700 Quantity Demanded 3‚200 2‚800 2‚400 2‚000 1‚600 1‚200 800 Quantity Supplied 200 400 600 800 1‚000 1‚200 1‚400 2. (Scenario: Guatemala ’s Television Market) In the absence of trade‚ how many TV sets will Guatemala produce? A) 1‚400 B) 1‚200 C) 1‚000 D) 800 Page 1 3. (Scenario: Guatemala ’s Television Market) With free trade‚ how many TV sets will Guatemala produce? A) 1800
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NSS Exploring Economics 6 Chapter 12 International trade (II) — trade barriers and external trade of Hong Kong Questions p.150 Think it over 1. Why do many governments impose duties on imported goods? 2. What are the effects of the imposition of duties on the price of imported goods‚ the volume of imports‚ the consumer surplus of domestic consumers and the producer surplus of domestic producers? 3. Why does the Hong Kong Government impose duties on very few types of imports? p
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Thailand. Brunei Darussalam then joined on 7 January 1984‚ Viet Nam on 28 July 1995‚ Lao PDR and Myanmar on 23 July 1997‚ and Cambodia on 30 April 1999‚ making up what is today the ten Member States of ASEAN. Moreover‚ the area of ASEAN is 4‚5million sq kms (3% of the total land area of Earth). For population‚ ASEAN have 601 million people (8‚ 8% of the world population. Political system is liberal‚ Islamic and socialist systems. GDP are US$ 1‚800 billion- per capital $2‚995 (in 2010). NOTE that‚ if
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