Best answer: it means to compare them, specifically looking at what is good about each one for example, if i had to compare the relative merits of two grocery stores, i might say that one has low prices and a good meat department but the other has better produce and cheese. Learn about the disadvantages, advantages, and techniques for direct exporting, a method of foreign market entry learn about the disadvantages, advantages, and techniques for direct exporting, a method of foreign market entry should you decide to export directly, make sure you have a company-wide commitment, which includes your import. Discuss the relative merits of a fixed and a floating exchange rate from an international business perspective, which criteria is the most important relative to a choice between systems and. Comparative advantage is the economic reality describing the work agents have a comparative advantage over others in producing a particular good if they can produce that good at a lower relative opportunity cost export goods with low self-sufficiency prices and import goods with high self-sufficiency prices bernhofen and brown found. Talk about what is potentially positive and what is potentially negative, usually about a business proposition tom, i received your proposal for implementing cost saving measures by using less expensive tissue in the company restrooms.
The balance of payments is the record of all international trade and financial transactions made by a country's residents a country's balance of payments tells you whether it saves enough to pay for its imports it also reveals whether the country produces enough economic output to pay for its. In economic terms, an import subsidy has the reverse effect of an import tariff the effects of both instruments on the quantities imported are shown in figure 6 figure 6 economic effects of import subsidy and tariff 9 the following assumptions are made: a small country without influence on the. The merits and demerits of direct taxes (explained with diagram) the indian tax system contains a combination of both direct and indirect taxes we discuss below the merits and demerits of both direct and indirect taxes such as general income and wealth taxes do not affect relative prices of goods and services and therefore leave the.
The advantages and disadvantages of a tariff 2 how a tariff lowers the welfare of the world as a whole 3 ad valorem tariff and specific tariff c reduces the welfare of a small importing country relative to free trade d is always welfare‑increasing the imposition of an import tariff by a large nation. Discuss the relative merits of fixed and floating exchange rate schemes from the perspective of international business, what are the most important criteria in a choice between the systems which system is more desirable for an international business. The next six sections discuss the advantages and disadvantages of retrospective and prospective systems with respect to each of the specific areas of interest identified by the conferees. That is the theory of comparative and absolute advantage it helps explain what happens in the real world of international trade, and it offers broad guidance to countries as they decide which goods and services to produce and subsequently export, and which, in turn, to import. Q 2 discuss the relative merits and demerits of: rating vs ranking scales summated vs cumulative scales scalogram analysis vs factor analysis q 3 (a) describe the different methods of scale construction, pointing out the merits and demerits of each.
Triggered spirited debate about the relative merits of the various ways of structuring social welfare systems in general and social security programs in particular the current changes respond to a vari- ety of forces the advantages and disadvantages of different social welfare strategies. Debate the relative merits of fixed and floating exchange rate regimes from the perspective of an international business, what are the most important criteria in a choice between the systems which system is more desirable for an international business. Import quotas an import quota is a restriction placed on the amount of a particular good that can be imported this sort of barrier is often associated with the issuance of licenses. 5 methods of payment in international trade/export and import finance 1 mrs charu rastogi, asst profmethods of payment ininternational trade/export andimport financeinternational business management.
There are some advantages and disadvantages of international trade for both the export and import advantages of exporting: one of the major advantages of export is the ownership advantage which is specific to the firms’ international experience, asset and ability of the exporter to either develop the differentiated product or low cost. Import substitution as economic development by avik basu [email protected] last updated: friday, april 15, 2005 10:17 am growth and development are often uttered in the same breath and yet the goals of each are actually quite different. In this article we will discuss about import substitution and export promotion most economists and policymakers view ldcs as consisting of large “traditional” and “modern” sectors hence development has come to be seen as a process of contracting the traditional sector and its growth-retarding institutions in favour of a growing modern industrial sector. In contrast, trade opening (along with opening to foreign direct investment) has been an important element in the economic success of east asia, where the average import tariff has fallen from 30 percent to 10 percent over the past 20 years.
Advantages of fixed exchange rates a fixed exchange rate occurs when a country keeps the value of its currency at a certain level against another currency often countries join a semi-fixed exchange rate, where the currency can fluctuate within a small target level. The fixed exchange rate system set up after world war ii was a gold-exchange standard, as was the system that prevailed between 1920 and the early 1930s a gold exchange standard is a mixture of a reserve currency standard and a gold standard.
Considering what you have learned about “comparative advantage” and relative “marginal opportunity costs,” discuss the advantages and disadvantages to all involved parties (american workers, american consumers, foreign workers, and foreign consumers) of continued importation and acceptance of foreign made goods into us markets. What are the relative merits of outputto and transferspreadsheet my main question is when to use transferspreadsheet and when outputto which the help doesn't discuss 0 lvl 74 jeffrey coachman mis liason commented: 2011-09-16 the standard approach is to import into a. Merits and demerits of measures of dispersion in statistics home » statistics homework help » merits and demerits of measures of dispersion as it has been pointed out earlier, there are different measures of dispersion with their relative merits and demerits.