The driving factors of globalization include advancements in technology, reduced trade barriers, and increased international communication, which facilitate the flow of goods, services, and information across borders. For example, the technology industry has largely benefited, with companies like Apple and Google thriving in global markets. Conversely, traditional manufacturing industries in developed countries often struggle, as jobs can be outsourced to regions with lower labor costs, leading to job losses and economic displacement.
It mobilises the different products and factors of production among the countries. Here the world becomes a global village
Two important factors. 1. It is the backbone of the industry Why? 2. Trade. For example the RuhrArea in Germany.
no factor will influence the location of an industry/
How did the factors of production help european governments to establish industry?
the goverment issue.....................
It mobilises the different products and factors of production among the countries. Here the world becomes a global village
The key factors driving the growth of business tourism in China include the country's strong economy, increasing number of international trade events and conferences, improved infrastructure and transportation networks, and government support for the tourism industry.
Two important factors. 1. It is the backbone of the industry Why? 2. Trade. For example the RuhrArea in Germany.
Drinking while driving is NOT an example of a hereditary risk factor-it's just stupid. Areas which are considered a health risk factor include heredity, lifestyle and environment. While many health risk factors are controllable, you cannot control hereditary factors.
no factor will influence the location of an industry/
How did the factors of production help european governments to establish industry?
One of the major factors affecting tourism industry is that : ignorance and illeracy on the part of consumer.
The economy is one of the factors of growth in the hotel industry. When the economy is good, there is more money for vacations, and hotel stays. Tourism and business travel are also factors of growth in the hotel industry.
Factors included a boom in the railroad industry, steel industry, and oil industry; and an increase in immigration and migration
Following are the external factors that affect the textile industry of India: 1. Legal factors 2. Political factors. 3. Technology 4. Government Intervention
factors increasing production of a product in industries
The external environmental factors that affect the financial services industry include organizational direction, internal factors, and external competition. The socio-economics of a society also affects the financial services industry.