0
Why is it important to have statistics of the wealth of other countries?
Wiki User
∙ 11y ago
Today's foreign exchange requires it. Statistical informations is important not only for trading issues but also for any other purpose. The whole world has to get inside of what happens on countries. Since we have the tools, let's examine the other countries' situation, so that we can compare in order to choose a good trading partner.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is financial forecasting?
Financial forecasting is a prediction of the economy in the future based on current trends and other statistics such as national wealth and global market status.
Why is it important for other countries to buy Canadian products?
It's important because Canada can get products in return and other countries might not have this product and it will cost them to make it.
It is important to study the political and economic systems of other countries because?
it will help us work with the other people of other countries
Who was involved in mercantilism?
Mercantilism is an economic theory of amassing wealth through trade with other countries. It dominated Europe from the 16th to the 18th century. England accumulated massive wealth by passing the Navigation Acts.
Why is trade so important around the world?
Tade is so important aaround the world because ohter countries have unqui goods that other countries don't have. For example silk is very important to some countries to make clothing or other stuff, for that is why we need trade because some countries might like silk to produce stuff.
How did other countries American colonies differ from Spain?
american colonies envied wealth and power from Spain.Spain had wealth other countries' colonies didnt
Why did Rome attack other countries?
wealth power and income
How did oil wealth change Saudi Arabia's relations with other countries?
o.
What are the importance of the mean in statistics?
the mean is important in statistics because you will find out your average and can compare that mean to other things..
How many tornadoes were there in 2005?
There were 1265 tornadoes in the U.S. in 2005. Statistics for other countries are unavailable.
What is the role of statistics in education?
to collect the numerical facts about education and to compare one education system with an other statistics is very important
Why is the panama canal important to the other countries around it?
The Panama Canal is important to other countries because it provides a link
Is gold something that other countries would want to purchase?
YES!! gold=wealth and power!
What is financial forecasting?
Financial forecasting is a prediction of the economy in the future based on current trends and other statistics such as national wealth and global market status.
When did the operation Iraq war start?
When other countries received the statistics on how the US was doing around the globe
Should countries conquer other countries for power and wealth?
It would not be a very good thing to do. Would be a lot of aggression that would arise.
Why tourism has to be measured and the importance of tourism statistics?
In the economies of some countries tourism is a principal source of foreign exchange. To avoid losses of this source it is important to gather statistics for study. In other countries it may be suspected that tourism could be beneficial to the economy. Here, statistics can be gathered as the basis for making projections. In some tourist destinations, notably Paris, it has been observed that although many people visit, little of their money is spent there. Statistics could be gathered in order to attempt to learn how to gain more benefit from these visits.
