Explain what is meant by Globalisation. Using examples, analyse the impact of globaisation on the way firms do international business,
2. Explain the main differences between globalization of markets and globalization of production. How do these create opportunities and challenges for business managers?,
3. Select two international trade theories and critically discuss their usefulness in understanding today’s international business environment. Support your answer with EG
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L1 17 Aggregate Output, Prices, and Economic Growth
By: Steven Popovic
A Calculate and explain GDP as expenditure and income, B, C,
D Compare GDP, National Income, Personal Income, and Personal Disposable Income,
E Explain the fundamental relationship among saving, investment, the fiscal balance, and trade balance
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