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Business Studies Impacts on host countries 23 Aug 2013 | 08:53 pm
Impacts on host countries Benefits Foreign currency Employment opportunities Local firms benefit from supplying services and components to the new factory Tax revenue to the government Managemen...
Multinational businesses 23 Aug 2013 | 08:52 pm
Multinational businesses Businesses that have their headquarters in one country but operating branches, factories and assembly parts in others More than exporters/importers they produce g&S in more ...
Free trade and globalization: 23 Aug 2013 | 07:59 pm
Free trade and globalization: Trade barriers Tariffs : Taxes imposed on imported goods to make them expensive Quotas: Limits in quantity/value of certain goods Voluntary export limits: An exportin...
Nature and scope of international trading 23 Aug 2013 | 07:58 pm
Nature and scope of international trading Benefits Wider choice of goods and services Creates competition Specialization, comparative advantage Political and social links Drawbacks Loss of outp...
Mixed Economy and its advantages/disadvantages 23 Aug 2013 | 07:51 pm
Mixed economy Some private businesses, driven by profit. Some controlled by government Private: mobiles, cars, computers Essential services: police, fire service, defence, social services. Goods an...
Planned Economy and its advantages/disadvantages 23 Aug 2013 | 07:50 pm
Planned economy State ownership and control Consumer preferences is unimportant State decides what to produce E.g. Cuba, North Korea State ownership, control over economic resources Advantages: ...
Market Economy and its advantages/disadvantages 23 Aug 2013 | 07:49 pm
Economic systems: Market economy Private ownership Resources allocated towards making what consumers like Firm operate to make profit If consumers want to buy a product then the price will rise ...
Business Studies The function of an economy 23 Aug 2013 | 07:48 pm
The function of an economy Basic economic problem: scarcity and choice An economy is a framework or a system that attempts t tackle and solve economic problem. What to produce? What will be made an...
IELTS result 3rd August 2013 announced 2013 (All countries) 15 Aug 2013 | 06:30 am
IELTS result 3rd August 2013 announced 2013 (All countries) IELTS organization has announced the result for the IELTS exam which was held on 3rd August. FET SYSTEM wants to wishes its good luck to...
Public corporations 14 Aug 2013 | 03:17 am
Public cooperations These are the businesses in the public sector, nationalized, completely owned by the government. They’re operated by board of directors Advantages Managed with social objective ...
