No society can exist without work activities. People must work to earn for their living.  They work to sustain their basic needs, to have food, shelter and clothing. These actual and potential workers in the population of the industrial society constitute the labor force. Labor has been commodity in the society as various factories were established. Population of workers is greater than the available jobs. […]

Draw the marginal cost curve (MAC) and the average total cost (TACT) curve for a Type 1 mine. Your curves should be as neat as possible, but they do not have to be absolutely, perfectly precise. You should, however, clearly label each curve. MAC would be equal to PVC for every Type 1 mine firm. Draw the short-run industry supply curve for the world copper […]

If General Motors increases its production of Subs this year, it will have to spend more on advertising. D) If Borders Books increases the number of titles it carries, it will have to reallocate shelf space accommodate the new titles. 3) Use the following two statements to answer this question: l. Economic theories are developed to explain observed phenomena by deducing from a set of […]

            Managerial economics is a branch of microeconomics that uses analysis techniques of Microeconomics in decision making for business and other management units. It applies the microeconomic theories pertaining to pricing and cost into practice. It uses statistical and econometric calculations to provide optimal decisions. Due to constraints in resources, firms and households try to maximize their objectives subject to budget constraints. Business management adopts […]

This study has discussed different theoretical model of FDI that takes topographic point. These theories briefly explicate why houses go to problem when set uping or geting abroad. Theories that use on this study are Hymer ‘s parts, merchandise life-cycle theory, caves theory, internalization theory, the eclectic paradigm, strategic motives of foreign direct investing and investing way development ( IDP ) theory. This study besides […]

Even a few decades ago, China was not considered to be a significant entity in the global political economy. China emerged from the relative isolation and autarky of the Maoist period with the assumption of the de facto power by Deng Xiaoping in 1978. However, it was not until 1993 that China really became a significant entity in terms of global trade and FDI flows. […]

There is no doubt that if you deal with international markets, you should be familiar with their laws and regulation as they pertain to marketing. This is imperative and you should take it seriously. It must be god understanding in the law of the country where you launch a campaign. But it is not always possible to know all the nuances. So, what is right […]

BRAZIL PEST Political environment •Greed and Corruption •Increase in government expenditures •Political stability and emphasis on consistent economic policies and growth •Position of international influence and power (BRIC) •Many environmental restrictions and regulations (Protection of Amazon) •Going into business: High bureaucracy, lack of transparency of rules and slow legal procedures (are hurdles to overcome and make brazil a difficult country to do business in) •The […]

The Indian economic system provides a uncovering contrast between how persons react under a government-controlled environment and how they respond to a market-based environment. Evidence suggests that recent market reforms that encouraged single endeavor have led to higher economic growing in that state. India can bring forth extra economic growing by furthering entrepreneurial activity within its boundary lines. To prosecute farther the entrepreneurial attack to […]

What impact will the prospect of deprivatization have on investment by managers of privatized firms? The prospect of deprivatization will impact managers of privatized firms because under this policy, certain past privatization would be declare illegal and the transactions would be reversed. These privatized firms would have to be either run as a state-owned enterprise or sold to another party. This will affect managers of […]