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Globalization causes prices of products to go down. Businesses can have their workforce in Another Country, and pay them less. Because it is cheaper to make those products elsewhere the consumer can purchase these products for really low prices. This helps people in other countries buy what used to be expensive items, for really cheap.
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1 Discuss the growing importance of the global market and the roles of comparative advantage and absolute advantage in global trade?
discuss the growing importance of the global market and the roles of comparative advantage and absolute advantage in global trade?
What does global importance mean?
Global importance is a term used to evaluate the importance or value of an issue based on how relevant or important it is to the rest of the world. For instance, global warming has a lot of global importance because it affects the entire globe where issues like high gas prices in Connecticut have low global importance because they only really affect the people that live in Connecticut
What is the importance of global marketing in Philippines?
The importance of global marketing in Philippines is that it has helped in expanding the marketing across the borders. This is a major boost to the Philippines' economy.
What is the importance of e-tourism?
The importance of e-tourism is global as we are talking about the present and the future of tourism online services and reservations.
What is the importance of global marketing?
The benefits derived while doing trade worldwidely.
When did Lourdes become a site global importance?
After the apparitions to Saint Bernadette in 1858.
What is the importance of non conventional sources?
they are pollution free. does not enhance global warming
What is the global importance of the deciduous forest biome?
maple syrup, oxygen, wood for furniture
The importance of conserving energy sources?
There is great importance in conserving energy sources. Conserving these energy sources will cut down on the pollution that contributes to Global Warming.
What is the importance of sport on a global scale?
The importance is huge! A nation's power is many-a-times dictated by its sporting power. Also, sports unite countries and people from around the world.
What is the importance of scientific names?
It provides a way to communicate names in a global language so that scientists worldwide will understand.
What is oil called informally?
Oil is informally called "black gold" due to its value and importance in the global economy.
