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Where are current trend is tied to increased globalization and effected cheaper transportation?
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How did improvements in transportation affect the price of goods?
Roads made it possible for cheaper domestic transportation of goods
What helped encourage regional agricultural specialization?
Cheaper transportation
Match each current trend in the global economy with one of its economic effects.?
Improved communication: Easier outsourcing; Trade liberalization: Increased trade; Infrastructure development: Cheaper transportation; Industrialization: Greater productivity.
Is the world a global village?
The tendency of investment funds and businesses to move beyond domestic and national markets to other markets around the globe, thereby increasing the interconnectedness of different markets. Globalization has had the effect of markedly increasing not only international trade, but also cultural exchange. Investopedia Says: The advantages and disadvantages of globalization have been heavily scrutinized and debated in recent years. Proponents of globalization say that it helps developing nations "catch up" to industrialized nations much faster through increased employment and technological advances. Critics of globalization say that it weakens national sovereignty and allows rich nations to ship domestic jobs overseas where labor is much cheaper. Source: http://www.answers.com/globalization?cat=biz-fin&gwp=11&method=3&ver=2.3.0.609 International integration Globalization is the spreading of an idea, product, or technology around the world, social, economic, industrial.
What is the importance of globalization?
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.
Was land transportation cheaper then water transportation in 1815?
No.
What are the Olden days of transportation?
It is cheaper
What is cheaper and faster transportation mean?
More than likely cheaper and faster transportation is referring to mass transit like trains and subways.
What made transportation faster and cheaper?
River Canals
How did improvements in transportation affect the price of goods?
Roads made it possible for cheaper domestic transportation of goods
What was the benefit of the riverboat?
It help people and goods have a cheaper transportation
What helped encourage regional agricultural specialization?
Cheaper transportation
What are the advantages of olden days transportation?
It is cheaper
How have changes in technology contributed to the globalization of markets and production?
Technology enhances globalization. In past two decades, technology burst out like an explosion, definitely, the improvements of technology make our lives much more convenience. And, the advanced technology in microprocessors, Internet, and transportation enable the spreading out of globalization. Hill, C., (2001) stated "Globalization has two main components: the globalization of markets and the globalization of product." In other words, the changing in technology would lead to an influence on globalization of markets and globalization of production. The widely use in microprocessors and telecommunications increasing the amount of information being transferred, but lower its cost. This is very helpful in merging markets. The opportunities for companies to expend businesses are raised, due to plummeting in global communication cost. Updated data can be different places, but reducing cost at the same time (Hill, C. 2001). As the decreasing cost in transportation, many businesses move their manufacturing plants to nations that provide cheaper raw materials and nature resources, in order to diminishing their production cost. Summering the above points, the three main changes in technology (microprocessors, Internet, and transportation) have a great supportive to the globalization of markets and production. If the lower cost of communication does not exist, people around the world would not have so many chances to connect with others and business would not be willing to put money to widen their markets.
Match each current trend in the global economy with one of its economic effects.?
Improved communication: Easier outsourcing; Trade liberalization: Increased trade; Infrastructure development: Cheaper transportation; Industrialization: Greater productivity.
How does cost of production effected by economies of scale?
The more of a product you make the cheaper it becomes to make each one.
How much does Non Emergency Medical Transportation cost in comparison with Emergency Transportation?
It's not all that much cheaper for non-emergency, apparently. A BLS amublance for non-emergency transportation isn't too much cheaper than an ALS ambulance that's used in critical cases.
