Opportunity cost of capit Study guides, Revision notes & Summaries

Social Studies 7-12 PACT Questions and Answers Rated A+ Free Trade - Answer ️️ -the ability for one country to trade with another without hindrance so that all goods can be produced with the greatest efficiency Sole Proprietorships - Answer ️️ -a business where a single person acts as the owner and operator of the business with no distinction between the person and the business Comparative Advantage - Answer ️️ -the ability to produce a good at a lower opportunity cost than an...

this is an introduction to microeconomics which explains the concept of allocating resources which are scarce. It also explains the opportunity cost of capital. There is a little summary of the difference between Microeconomics and Macroeconomics.

Discussion of Allocative & Technical Efficiency and how they help allocate resources. Comparative Advantage is also explained and how it helps to increase GDP when trade off and specialisation is made to tasks. There is a brief summary of the two types of statements: Normative & Positive. Lastly a brief introduction of Free markets and the role of government within them.

D080 Managing in a Global Business Environment Study Guide Unit 2 Globalization Module 1: Political, Economic, and Legal Systems 1. What is globalization? a. Globalization is when international integration arises from the interchange of world views, products, ideas, and other aspects of culture. 2. What opportunities to businesses are brought by globalization? Globalism is characterized by an increasing number of worldwide connections, rapid and discontinuous change, an increas...