China has always been known to grow or make things that many other countries like so this wall helped those things from not being stolen or destroyed. Finally, the last example is the fact that it had made a great lookout for China. The Great Wall had made it so much easier to prevent unwanted wars or keep unwanted people away from starting wars. There are so many more benefits but these are so of many that prove that The Great Wall of China’s benefits did outweigh the
The costs begin to lower due to economies of scale and the general market is aware and starts to accept the product. Profits grow and the initial costs of producing and promoting the product are covered. The competition may start to increase, with for example Coca Cola also producing a new flavour to compete with the Pepsi one. The product is therefore further improved, and the price is maintained as there is an increase in demand. In addition, the promotion is aimed at a wider audience as people already have an idea about the product through the opinion leaders.
It is highly likely that there will be disincentive effect, discouraging the workers from working hard (Economics Help). Since the workers are aware of the fact that a huge proportion of their income will be taken away anyway, there will be less incentive for them to work hard. Also, such progressive tax can discourage the poor from struggling to climb the ladder. The mere fact that they will be provided with insurance and protection from the government will eliminate the need to get out of their current status. Nonetheless, other economists argue that the disincentive effect is highly unlikely to occur.
Therefore it is understandable that Chinese culture devotes a lot of attention to the esteem of authorities and aged people. In common words, Confucianism is controversial to Western culture, where everyone posesses equal opportunities within society. In China people have equal opportunities within their social rank only. Being widespread, Confucianism greatly influences Chinese culture and hence modern life even today. Despite the fact that today modern China has overstepped these strictly limited roles, the Chinese are still thinking in terms of hierarchy.
While free trade aims at attracting more consumers to increase sales turnover and generate more profits, fair trade aims at educating the consumers about the benefits of producing goods without the exploitation of labour or the environment. Thus, fair trade mainly thrives on the demand created by the consumers for such products. Free trade can benefit everyone, the developed and developing world. (Hufbauer, 2008) Free traders believe the best way to lessen poverty in the long run is to permit free trade while fair traders think that opening trade will even further make rich nations becoming richer and poor nations becoming poorer. But there are many ideas on having a managed fair trade which will generally result in sustainable long-term prosperity and equality between
For the company to persist competitive position in terms of value and price without the want to decrease its employees, the business selected to subcontract some of its production factories in many overseas areas just like most of the multinational organizations have done. This provided the business a cost benefit over its rivals and allowed the company to go advance and project into different evolving markets gloally. However this might be perceived as an immoral or unethical situation by others, since the business was fluctuating its works from the US centered production plant, it can be thought that Nike’s choice was for the greatest interest of the business and this also contain the workers working at the corporation. Likewise when a corporation is incapable to uphold its competitive advantage in its present markets & at the similar time discerning of increasing its industry, it will end up facing a festered development and loss of occupations amongst numerous workers. (Etienne, & Lewis,
Thesis Frame of Analysis • Poverty can be easily alleviated when the government has the political will and commit to country by making use of the natural elements of the country to improve economy so that alleviation of poverty could be achieved. • Poverty alleviation is more likely to happen in countries facing lesser challenges. For example, when the people are united, the country is more likely to have a fair distribution of resources. • With good governance, the country then can make use of the resources for development to create a stable economy where the country can sustain itself without the help or intervention of other countries monetarily. There should also be low unemployment rate and majority of its people should have stable incomes.
Normally developing countries providing free education & healthcare for the citizens, so the citizens need to provide some value to the country after getting their education freely. So the migration of those skill labours from home country to foreign country may lead to provide very less profit to the country compare with the investment on education & healthcare . Business :- The labour drain may lead to have very less skilled labours remain within the country & their demand will be very high. So the local business mostly not be able to afford the cost of skilled labours & it may case to decrease the business productivity & innovations within the local business. 5.4 Uncertainty Country :- When one country is depending on another country regarding some kind of service or good , when the independent country get some issue to provide the service or produce goods, it will directly impact the depending country economy.
Economies of scale; producers can benefit from the application of scale of economies which will lead to lower costs and lower prices for consumers. Employment opportunies; jobs may be created as a consequence of increased trade between member economies Protection; firms inside the bloc are protected from cheaper imports from outside, such as the protection of the EU SHOE INDUSTRY from cheap imports from China and Vietnam. THE MAIN DISADVANTAGES OF ECONOMIC BLOCS Loss of benefits; The benefits of free trade between countries in different blocs is
Lack of Political Interference. Usually it is said that government is not very efficient in making good managers because they have a great pressure from political side hence cant focus on the sound economic and business sense. So at times government employs surplus employees, which leads to an inefficiency of an organization due to increased costs. Government is very reluctant in reducing workers because of the negative publicity involved in job