Before making a decision about entering into the global market, business owners must familiarize themselves with some macro- and microeconomics concepts: ?The World Bank and International Monetary Fund?Imports and exports as part of GDP?Multinational corporations?Foreign direct investment and capital flows?Foreign exchange market and exchange rates?Labor theory of value?Marginal rate of transformation?Gains from trade, comparative advantage?Economies of scale In a paragraph each, define these terms. Then, Discuss (check midcourse.net for the help you need) how these terms individually apply to both supply and demand and to a business owner who is contemplating expanding internationally..Category: Academic paper, Best Essay Writing Services-UK
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