Exporting can create economies of scale which leads to lower costs. Transportation costs are higher and there are more government regulations.
disadvantages - 1. You need Import, Export license for this. 2. You have to cleared shipment with customs,
disadvantages - 1. You need Import, Export license for this. 2. You have to cleared shipment with customs,
Export have many kind of advantages. 1. Helps improve economy 2. Country can buy other necessery item by the mony earned from Export
I knwo an advantage is that the colony was concidered the leader in agriculture, they made a lot of surplus for export and trade, and that added on to the wealth of the colony and people
Their economy depended heavily on export trade.
There are no advantages of "Export Orientation". Standalone, the phrase is meaningless and has probably been produced as a form of management speak.
Export of cotton, which was heavily dependent on slavery.
One of the disadvantages of the FDI in connection with export promotion is that it is affected with other conditions like the deterioration of the exchange rates. The other disadvantage is that the cost of exporting the perishable goods is high.
The advantages of GATT include being a step towards globalization with possible growth increase, allowing input sources and export markets, and providing a chance for developing nations to embrace new reforms. The disadvantages are that members cannot seek specific components or opt out of them, it is market-oriented, developing nations must deal with the developed nations' corporations, and developing nations can only prosper with a boosted economy.
Export economies are problematic because they depend heavily on global stability. If there are any wars that disrupt trade, that economy comes to a halt.
a mono-economy is a economy relying on one major export or natural resource to bring most of the currency into the country.
The advantage of the indigenization program in Nigeria is that oil is a very strong export good, leading to a stronger economy. The disadvantage is that the economy is only based upon one exporting product, and should that product not sell, the economy will get weaker.