0
Add your answer:
Earn +20 pts
Why are market towns important to andean local economies local economies?
Investors are important because they provide the money that allow businesses to grow, which in turn puts more money into the economy.
What is the effect of economic dualism on a country?
Dual economies are common in less developed countries, where one sector is geared to local needs and another to the global export market.
What things influence stock prices?
Stock prices are influences by a number of factors. The main influences on a particular companies stock price will always be it's performance and profitability, however stock prices can and are influenced by external factors such as the local, national and global economies.
What is the movement from many local economies to one global economy is called?
globalization.
The negative effects of international trade in local economies?
negatives effect of international trade
Do conflict diamonds help local economies?
Conflict diamonds 'help' the terrorists and criminals who profit from them. In local economies run by terrorists and criminals, you could say that conflict diamonds 'help' those economies, because the diamonds are turned into cash.
What are the negatives effects in international trade in local economies?
pkbjkl
Why are market towns important to andean local economies local economies?
Investors are important because they provide the money that allow businesses to grow, which in turn puts more money into the economy.
What is the effect of economic dualism on a country?
Dual economies are common in less developed countries, where one sector is geared to local needs and another to the global export market.
What has the author Michael A Trueblood written?
Michael A. Trueblood has written: 'The Ivory Coast' -- subject(s): Agriculture, Commerce, Economic aspects of Agriculture, Produce trade 'An overview of factors affecting the size of local government' -- subject(s): Economies of scale, Local finance, Local government
What things influence stock prices?
Stock prices are influences by a number of factors. The main influences on a particular companies stock price will always be it's performance and profitability, however stock prices can and are influenced by external factors such as the local, national and global economies.
What is the movement from many local economies to one global economy is called?
globalization.
What are the different types of human activities carried out in the temperate zone?
In the temperate zone, common human activities include agriculture, forestry, tourism, manufacturing, and residential development. These regions typically have a moderate climate and fertile soils, making them suitable for a variety of activities that support local economies and communities.
The negative effects of international trade in local economies?
negatives effect of international trade
Why do most countries have mixed economies?
As long as a government (local, state or national) taxes its businesses and households, there will be a mixed economy.
What are external economies?
Internal economies of scale arise when firms increase their scale of production. Hence, they incur lower average costs of production, either through specialization or other factors. When average costs fall, giving the price of the good to be constant, profit margins of these firms will be increased. Thus, the individual firm benefits from internal economies of scale. External economies of scale arise when all firms in an industry experience decreasing average costs of production, which can be due to economies of concentration, information and disintegration. Unlike internal economies of scale, external economies of scales independent on the size of the individual firms in the industry as both small and large firms benefit from it. Secondly, internal and external economies of scale depend on several factors. Internal economies of scale arise due to technical economies, which states that as a firm increases its scale of production, it is able to delegate specific jobs to its workers. Hence, through specialization in a single job, the workers are able to improve their productivity through attaining higher levels of dexterity and skill through repeated practices. Thus when productivity per worker rises, the firm is actually producing a greater amount of goods and hence, the average cost of the good falls. Of course, internal economies of scale also depend on other factors, such as marketing economies, which basically states that a firm making bulk purchases on raw materials would be able to enjoy cheaper prices, such as financial economies, which states that as a firm increases its scale of production and need funds to buy more factors of production, it can get it from a bank at lower interest rates. This is because its larger assets and greater selling potential provides banks with greater security. And there are also less important factors such as risk bearing and managerial economies. External economies on the other hand, depend on mainly three different economies. As mentioned above, economies of concentration states that when firms in an industry are located close together, they can enjoy the pool of skilled workers and infrastructure provided by local colleges and the government respectively. Hence, through the provision of such valuable manpower and infrastructure, firms are able to attain lower average costs of production by employing these skilled workers with high productivity, or using the efficient road and communications networks to reduce transport and managerial costs.
Do national trends affect state and local economies?
Trends in national economic development reflect changes occurring at the state and local levels and can impact local economic development planning.
