Globalisation has a number of drawbacks in addition to its positive benefits on countries. The drawbacks of globalisation include: Uneven economic expansion.
Even though many countries see faster economic growth as a result of globalisation, richer countries frequently gain more from this growth than underdeveloped countries. lack of nearby establishments. Actually, the benefits of globalisation and technological advancement are very similar.
They have very similar outcomes: they boost national output, productivity, increase employment, improve wages, and cut global product prices. Cross-national disparities and international conflicts have greatly slowed down international flows, making globalisation a historically unequal process. Because of this, just 20% of the world's economic output ended up in other countries even before the current crisis.
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why are medical related professions and human resources important?
Answer:
because sometimes they help us to get some medicine which can be used to cure a particular disease
over the last 60 years, what expenditure category has had the largest relative weight on u.s. gdp? and the smallest? how did world war ii (1939-1945) affect the composition of gdp according to the expenditure approach? why would that be so? what does it mean, in economic terms, that the ratio of net exports to overall gdp turned from positive to negative sometime in the mid-1970s? compare the evolution of gross private domestic investment and of government consumption expenditures and gross investment during the 2007-2009 recession. do they move in the same, or in opposite directions? why would that be so? post your responses, and respond 2 classmates' responses.
The expenditure category with the largest relative weight on U.S. GDP over the last 60 years is personal consumption expenditure (PCE). PCE represents the total spending by individuals and households on goods and services.
This includes spending on items such as food, housing, transportation, and healthcare. PCE is typically the largest component of GDP, accounting for around 70% of the total.
On the other hand, the smallest expenditure category on U.S. GDP is net exports. Net exports measure the difference between the value of goods and services exported from the U.S. and the value of goods and services imported into the U.S. In the mid-1970s, the ratio of net exports to overall GDP turned from positive to negative. This means that the U.S. started importing more goods and services than it was exporting, resulting in a trade deficit.
During World War II, the composition of GDP changed significantly. The war effort led to increased government spending on defense, which boosted government consumption expenditures and gross investment. Additionally, private consumption and investment decreased as resources were diverted towards the war. This shift in composition was temporary and reversed after the war ended.
In contrast, during the 2007-2009 recession, gross private domestic investment and government consumption expenditures and gross investment moved in opposite directions. Gross private domestic investment declined sharply due to the collapse of the housing market and financial crisis. On the other hand, government consumption expenditures and gross investment increased as the government implemented stimulus measures to support the economy.
In summary, PCE has had the largest relative weight on U.S. GDP over the last 60 years, while net exports have had the smallest. World War II affected the composition of GDP by increasing government spending and decreasing private consumption and investment. The shift from positive to negative net exports in the mid-1970s indicates a trade deficit. During the 2007-2009 recession, gross private domestic investment declined while government consumption expenditures and gross investment increased.
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Over the last 60 years, the expenditure category with the largest relative weight on U.S. GDP has been consumption expenditure. This includes spending by individuals on goods and services.
The smallest expenditure category is net exports, which represents the difference between exports and imports. During World War II, the composition of GDP according to the expenditure approach was affected significantly. Government spending on defense increased, leading to a higher proportion of government consumption expenditures and gross investment in GDP.
The ratio of net exports to overall GDP turning from positive to negative in the mid-1970s means that the U.S. was importing more than it was exporting.
During the 2007-2009 recession, gross private domestic investment decreased due to reduced business confidence, while government consumption expenditures and gross investment increased as a result of fiscal stimulus measures. They move in opposite directions due to the different economic factors influencing each category.
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Which is the most effective way to reduce your risk as a driver?
HELP PLEASE!
Market research can help entrepreneurs get feedback on future advertising.
O True
O False
Answer:
Im pretty sure the answer is true
Explanation:
Please help I'm about to fail my class and i will be grounded for life, 100 pts for it! its financial literacy
Part One–Research
Imagine you bought 100 shares of stock three years ago and are selling it today. Select a company and research its stock prices. You can start with websites like Nasdaq and Fidelity. Determine the stock's price three years ago, or the purchase price, and its price today, or the selling price.
Part Two–Determine the Real Return
Calculate the real return of your stock investment using the following information:
Purchase price of 100 shares of stock
Selling price of 100 shares of stock
10% tax rate
3% inflation rate
2% administrative fee on the selling price of the stock
Part Three–Evaluate
Analyze your research and calculations, and answer the following questions:
What company did you select to buy stock in? Why did you select the company?
Consider the real return of the stock investment. Do you consider it a wise investment? Why or why not?
1. I imagine buying 100 shares of Amazon.com Inc. on January 3, 2020, when the stock price was $93.75, investing $9,375.
Today, October 31, 2022, the stock price of Amazon.com Inc. is $102.44.
2. The real return on my investment in Amazon.com Inc was a net loss of 7.12% or $667.60.
3. The company I selected to buy its stock three years ago was Amazon.com Inc.
4. I decided on Amazon.com Inc., hoping to earn spectacular returns since it is a multinational technology company.
5. When I consider the actual return on the stock investment in Amazon.com Inc., I think it was an unwise investment.
6. The investment returned a negative real value because I realized less than I initially invested; I actually lost about $667.60 overall.
What is the stock investment?Stock investment is the purchase of shares for an ownership interest in a publicly-listed company.
The investor makes the investment with the hope that the investee will grow and perform well over some period, enabling the investor to earn some real returns (in the form of dividends and capital appreciation).
Purchase of 100 shares Jan. 3, 2020 = $9,375 (100 x $93.75)
Sales of 100 shares Oct. 31, 2022 = $10,244 (100 x $102.44)
Tax (10%) = $1,024.40 ($10,244 x 10%)
Inflation (3%) = $307.32 ($10,244 x 3%)
Administration fee on sales (2%) = $204.88 ($10,244 x 2%)
Real Returns in dollars = $8,707.40 ($10,244 - $1,024.40 - $307.32 - $204.88)
Loss on returns = $667.60 ($8,707.40 - $9,375)
Loss percentage = 7.12% ($667.60/$9,375 x 100)
Unfortunately, Amazon.com Inc. did not pay any dividends during the period of my investment, and I really lost funds to taxes, inflation, and administration fees when I sold it.
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According to Becca Aaronson, product management is even more complicated for journalism and news because of the added challenge of integrating _________________ into the overall product strategy.
Product management in journalism and news is more complicated and challenging because of the inclusion of Ethics and Editorial requirements.
In journalism and news these days:
There is an emphasis on being ethical in reporting There is also an emphasis on ensuring the accuracy of the news before it is spread so as not to encourage fake news.This has made reporting much harder and more complicated because it requires those that are involved to be more diligent and thorough which takes more time and resources.
In conclusion, news and journalism is more complicated as a result of stronger editorial and ethics requirements.
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When you plan a presentation, how should you make sure you stay on track as you talk?
A. Make a list of general topics and points you want to cover.
B. Write out every word of the presentation on notecards.
C. Memorize every word of the presentation in your head.
D. Have the audience tell you what else you need to talk about.
Answer:
A make a list
Explanation:
Answer:
It's A. Make a list of general topics and points you want to cover.
Explanation: hope it helps ^w^
The acme global corporation needed to hire 30 new advertising sales agents. the applicant pool consisted of 100 african-american males and 100 white males. of the 200 applicants, acme global hired 10 of the african-american males and 20 of the white males. is there evidence of disparate impact?
Answer:
Yes, because it doesn't comply with the four-fifths rule.
Explanation:
First we must establish the selection rate for both groups:
whites = 20 / 100 = 20% selectedAfrican American = 10 / 100 = 10% selectedthe four-fifths rule establishes that at least 20% x 4/5 = 16% of all African American candidates should have been selected, but only 10% were selected.
12. One of the benefits of developing a business plan for a new start-up is:
(1 Point)
I shows 91actly how much profit the business will make
it makes sure that the bank will lend all the capital needed
it means that the business start up has no risk of failure
it assists in organising the resources needed for the new business
Answer:
it assists in organising the resources needed for the new business
Explanation:
A business plan details the mission and objectives of an entity. It explains the nature of business the entity will engage in, the target market, the resources it requires, and the projected revenues and expenses.
A business plan is useful when soliciting resources. Although a business plan does not guarantee a hundred percent financing, It shows how much resources will be required and how they shall be used. This helps the founders to know what is required at what stage and make the necessary arrangements.
What two skills will you need in any business or office environment?
A. Sales and data entry skills
B. Analytical and sales skills
C. Sales and phone skills
D. Computing and keyboarding skills

The two skills you will need in any business or office environment is: D. Computing and keyboarding skills.
What does Computing and keyboarding skills means?The Keyboarding Skills is intended for anyone who wants to improve their touch keyboarding skills for today's computer keyboards.
Having the skill improves the accuracy of the work a typist produces. This is because they are extremely familiar with the location of all the letters on the keyboard. As a result, there are fewer errors and they are corrected much more quickly.
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Question 8 1 pts Suppose that equilibrium income is 3200, the marginal propensity to save is 0.2. the marginal tax rate is 0.16 and the marginal propensity to Import is 0.1. if the natural level of output income is equal to 3620, by how much will autonomous taxation need to change to close the gap and move the economy to the natural level of outputincome? Provide answer to 1 decimal point. If a decrease in autonomous taxation is required you must place a negative sign in front of your answer.
Required change in autonomous taxation = 29.12
We need to decrease autonomous taxation by $29.1 to close the gap and move the economy to the natural level of output income.
How to calculate Required change in autonomous taxation?The expenditure function in this case is:
Y = C + I + G + NX
Y = (1 - MPC)Y + autonomous consumption + autonomous investment + autonomous government spending + autonomous net exports
Y = (1 - 0.2)Y + autonomous consumption + autonomous investment + autonomous government spending + (0.1Y - autonomous imports)
Y = 0.8Y + autonomous consumption + autonomous investment + autonomous government spending + 0.1Y - autonomous imports
Equating Y to the given equilibrium income, we get:
3200 = 0.8Y + autonomous consumption + autonomous investment + autonomous government spending + 0.1Y - autonomous imports
Simplifying and rearranging, we get:
Y - 0.9Y = autonomous consumption + autonomous investment + autonomous government spending + autonomous imports - 3200
0.1Y = autonomous spending - 120
Substituting Y = 3620, we get:
0.1(3620) = autonomous spending - 120
autonomous spending = 482
To close the gap and move the economy to the natural level of output income, we need to adjust autonomous taxation by an amount equal to the difference between autonomous government spending at the natural level of output income and the current level of autonomous government spending.
Assuming that all other components of autonomous spending remain constant, we can calculate the required change in autonomous taxation as follows:
Required change in autonomous taxation = natural autonomous government spending - current autonomous government spending
Required change in autonomous taxation = 0.16(3620) - 482
Required change in autonomous taxation = 29.12
Therefore, we need to decrease autonomous taxation by $29.1 to close the gap and move the economy to the natural level of output income.
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What is the most direct result of free trade supplying productive resources to areas where they're most needed? A. Enhanced efficiency B. Lower interest rates C. Increasing specialization D. Greater competition
2b2t
Answer:
The correct answer to the following question will be Option A (Enhanced efficiency).
Explanation:
Enhanced Efficiency seems to be an innovation that decreases the probability of discharge of that same object surface. It is indeed a definitive version of an effective. The whole bonus is going to take 2 elements in such a gizmo. It could be generated in the gizmos of guns, shields, and devices.It would be the most immediate consequence of direct exports providing economic assets to regions where they'll be required.Other given choices are not related to the given scenario. So that Option A seems to be the appropriate choice.
How does technical education play a vital role to develop the entire nation?
pls- don´t lie
;)
Answer: Education is needed for jobs. If we dont have education people cant get certain jobs. Without certain jobs the world would fall into a pandemic.
Explanation:
Answer:
Technical education play a vital role to develop the entire nation by improvimg the well beimg of youth and communities.
It increases the productivity. It also helps to accelerate the pace of work and motivate the person towards his/her work.It creayes skilled manpower and improves the quality of life.
Accounting project 2.3.1 ap3x learning?
Answer:
Answer:
P (A or B)= 0.65
Explanation:
Step-by-step explanation:
Given
P(a) = 0.60
P(b) = 0.20
P(a and b) = 0.15
Legal authorization by a brand owner to allow another company to "rent" its brand name for a fee is called
Answer:
The appropriate answer is "License agreement".
Explanation:
A written agreement only between various firms where a property owner allows perhaps another entity throughout accordance with a certain set of requirements called a license agreement.In so far as it has jurisdiction, the consequence including its license is to terminate or ease the ruling of conflict. It should be the presumption that perhaps the license should be a province of security.Word processing software
Video recording device like a camera or a phone
Throughout this course, you’ve been busy helping people in all kinds of careers solve issues or create projects in their line of work. Now it’s time to focus on you! In this activity, you will take the results from your O*Net Interest Profiler and the knowledge you’ve gained in the past units and use both to decide what might be a great career for you! You will put all this information together and create a Career Action Plan.
Part 1: Laying the Pathway
Save this word document as ‘Laying the Pathway.’
Part 2: Compiling the Paperwork
Great! You’ve laid out your pathway. Now, we need to gather all the papers you’ll need to apply for jobs.
Step 1: Resume
Now for the next part of your Career Action plan, the first thing you are going to do is create a resume. Create your resume document from a template. You might find one in your word processing program or by searching the internet for a free resume template. Then, make sure your resume contains the following components:
Is your resume filled in? Is it nice and neat, with everything spelled correctly? Great! Remember to save your Resume to include in your Career Action Plan.
Step 2: Cover Letter
Now, we will work on your cover letter. Remember, a cover letter is a document that explains in your own words and more detail why you are the perfect candidate for the job you are applying for. This is how your cover letter should break down:
Proofread your cover letter for errors. If you are satisfied with it, save it under ‘Cover Letter’ to include in your Career Action Plan.
Step 3: Job Application
With your resume and cover letter, you will usually need to fill out a job application that is specific to the company you are applying to. Much of the information will be a repeat of what is in your resume, but job applications make it easier for a human resources manager to know exactly where to look for specific information.
Use a search engine to find a free mock job application form. Take the information you put in your resume and fill out the job application. Save this as ‘Job Application.’
Part 3: It’s Time to Sell
You may not have chosen Marketing as your career pathway, but we all must sell a bit when it comes to finding a job. We are selling ourselves! In an interview, it is important to help the recruiter or employer to understand what you are all about and how you will be a benefit to the company. Look back over the tips you’ve learned so that you can put your best foot forward.
One thing that we must think about in interviews is proper business etiquette, or behavior. Remember when you were little, and your parents were constantly reminding you to ‘mind your manners’? Well, this idea of manners and polite behavior is especially important when you get a job. The way you act will reflect on the company that you work for, so if you are polite, hardworking, and courteous, this will benefit your employer. It will also make you much more likely to get along with your coworkers! Some rules of business etiquette include:
Being on time (show respect for others’ schedules)
Dressing appropriately (be a good visual representative of your company)
Speaking politely (use proper titles and avoid interrupting others or using bad language)
Avoiding gossip (don’t repeat things about coworkers)
Showing interest in others (make eye contact, don’t play with your phone while in a conversation)
Write emails respectfully (don’t be sarcastic, type in all caps, or fail to sign an email)
In this part of your Career Action Plan, you will video yourself during a mock interview. Have a partner read you the questions below (or if that is not possible, read them out loud to yourself). Then answer, looking at the camera as if it is the interviewer. Use appropriate business etiquette in your interview so that your prospective employer will want you to represent their company. Remember to speak clearly and smile!
Interview Questions
Can you tell me a little bit about yourself?
Why are you applying for this position?
What have you learned in your classes to prepare you for this position?
How would you be a good fit for this position?
What are your strengths and weaknesses?
Remember to answer all five questions in your interview. Save your video to upload with the rest of your plan. You can name it ‘Interview.’
You did it! Congratulations! You have completed your Career Action Plan.
Submit the following documents:
DO NOT DO VIDEO NOT NEEDED I WILL DO THAT
Multimedia tools are used in digital storytelling to bring stories to life. Digital stories can be used to convey an argument, reflect on a personal experience, teach a subject, or retell a historical event.
How can I advance in my profession?Use these 12 work success guidelines to begin experiencing career success.
a. Choose Your Job Carefully.
b. Always be learning.
c. Recognize the demands of your position.
d. Work as a team.
e. Assume Responsibility for All Your Actions.
A lifestyle career is what?Both people are capable of completing the duties necessary for their jobs, but their schedules will differ. "Work as a Lifestyle" gives businesses and employees the power to find balance, select the schedule that works best, and more.
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who are the personnel in a retail drugstore/ community drugstore
Explanation:
-Pharmacists
-Cashiers
-Manager of the drug store
-Co- manager
nadia loves to make pottery and would like to open her own business. Is that a business idea or a business opportunity?
what is the correct temperature of range of cold ingredients?
Answer:
40 degrees Fahrenheit and below
Explanation:
Any food remains fresh when it is exposed and kept to a certain degree of temperature. From 41 to 135 degrees range, any food can be maintained fresh and fit for its usage. For cold foods, the temperature ranging below 40 degrees Fahrenheit is said to be appropriate. This temperature helps to restrict and control the growth of microbes that spoil the food.
Items with value are referred to as:
a. Liabilities b. Variable expenses
c. Net worth
d. Income
e. Assets
Items with value are referred to as assets.Assets are items of economic value that an individual or organization owns or controls and are expected to provide future benefits.
Examples of assets include cash, investments, property, vehicles, and personal belongings.
Assets are an essential component of an individual or organization's financial position and can be used to generate income or as collateral for obtaining loans. Understanding the value of one's assets is crucial in making informed financial decisions and planning for the future.
In contrast, liabilities are items of economic value that an individual or organization owes to others, such as debts, mortgages, and loans. Variable expenses are costs that can change depending on various factors, such as usage or consumption, and income refers to the money received by an individual or organization.
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Explain the difference between the common misconception people have about tax brackets and how they actually work
Answer:
Tax brackets misconception is that it defines how much tax will be paid by an individual but this is not true. It only determines the rate of tax which will be applied to the individual for his income.
Explanation:
The tax bracket is determined for an individual based on his salary. After the computation of taxable income tax brackets are selected and rate is applied which ever tax bracket falls correctly. The tax rate applied to the taxable incomes gives the tax amount which is to be paid by an individual.
Why is real GDP the best way to measure the economy?
Since it tells us about the size and soundness of an economy, GDP is important.
GDP's meaning?The gross domestic product is the most common measure of an economy's size (GDP).GDP can be calculated for a nation, a region (including such Tuscan in Italy or Burgundian in Franco), or for a group of nations (such as the European Union) as a whole (EU).
Why does the GDP grow?In general, there are two main factors that contribute to economic growth: an increase in the workforce's size and an increase in that workforce's performance (output per hour worked). Both can expand the economy's total size, but only robust productivity growth can raise per capita Gross national and income.
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Describe the Second Triumvirate. In what ways was it similar to the first? In what ways was it different? What made it possible for the Second Triumvirate to arise? What new groups and classes emerged that might have played a role in the conflict?
It was similar: to the First Triumvirate in that both were informal alliances formed to consolidate power and achieve political goals.
The Second Triumvirate was a political alliance formed in 43 BCE among three prominent Roman leaders: Octavian (later known as Augustus), Mark Antony, and Marcus Aemilius Lepidus. It was similar to the First Triumvirate in that both were informal alliances formed to consolidate power and achieve political goals.
However, the Second Triumvirate was different in that it was legally established by the Lex Titia and had a more formal structure.
The Second Triumvirate arose due to the power vacuum left after the assassination of Julius Caesar in 44 BCE. The three members sought to stabilize the Roman Republic and eliminate their mutual enemies.
New groups and classes that might have played a role in the conflict include the Roman Senate and the plebeian class, both of which had differing interests and opinions on the triumvirs' actions.
In summary, the Second Triumvirate was an alliance formed between Octavian, Mark Antony, and Lepidus. It shared similarities with the First Triumvirate, such as being a political alliance for mutual gain, but differed in its legal establishment and more formal structure.
The power vacuum after Julius Caesar's assassination enabled the Second Triumvirate's rise, with various groups like the Roman Senate and plebeian class potentially influencing the conflict.
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20 Points!
FTYZ Transport Inc. was supposed to pay wages amounting to $1,500 in March, which was the last month of its accounting period. However, Leeds Inc. failed to make the payment before the accounting period. What will be the adjusting journal entry passed by the accountant?
A.
Wages Account Debit Wages Payable Account Credit
B.
Wages Payable Account Debit Wages Account Credit
C.
Wages Account Debit Bank Account Credit
D.
Wages Payable Account Debit Bank Account Credit
E.
Wages Payable Account Debit Wages Account Debit
The adjusting journal entry passed by the accountant in this situation would be: A. Wages Account Debit Wages Payable Account Credit.
Since FTYZ Transport Inc. failed to pay the wages before the accounting period ended, the wages payable amount of $1,500 needs to be recorded as an expense (debit) in the Wages Account. At the same time, the unpaid wages need to be recognized as a liability (credit) in the Wages Payable Account. This adjustment reflects the unpaid wages that should have been paid during the accounting period. This entry is made to reflect the unpaid wages as a liability (Wages Payable) and reduce the corresponding expense (Wages Account) in the accounting records.
The debit to the Wages Account recognizes the expense that should have been recorded in the appropriate accounting period (March). By debiting the Wages Account, the expense is increased.
The credit to the Wages Payable Account reflects the outstanding liability owed by FTYZ Transport Inc. for the unpaid wages. The credit entry increases the Wages Payable balance, indicating that the company has an obligation to pay the employees at a later date.
Once the wages are paid in a subsequent period, the accountant would make a separate entry to reduce the Wages Payable Account and record the payment to the Bank Account.
It's important to note that the specific accounts used may vary depending on the company's chart of accounts and accounting practices. The entry described above follows the common practice of recording unpaid wages as a liability in the Wages Payable Account and recognizing the expense in the Wages Account.
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Software that can help business owners and individuals manage their finances, track expenses for taxes, and highlight potential errors in bank and investment accounts falls under the general category of _____ programs.
A)addition
B)IRS
C)accounting
D)inventory
A factory is considered what type of resource?
land
labor
physical capital
human capital
A factory falls under the category of physical capital, representing tangible assets and infrastructure utilized in the production process. Option C.
Physical capital refers to the tangible assets that are used in the production process to create goods or services. These assets include machinery, equipment, buildings, vehicles, and infrastructure. They are essential resources that contribute to the production capacity and efficiency of a business or organization.
A factory is a prime example of physical capital as it represents a dedicated space or facility equipped with machinery, tools, and equipment designed for manufacturing or production activities. It provides the necessary infrastructure and resources for transforming raw materials into finished products.
Factories typically house specialized equipment and machinery specific to the industry or production process they serve. This physical capital enables businesses to carry out mass production, streamline operations, and achieve economies of scale.
Physical capital is an important factor of production alongside other resources such as land, labor, and human capital. It plays a crucial role in enhancing productivity, output, and overall economic growth.
Effective management and investment in physical capital can lead to improved efficiency, cost reduction, and technological advancements in production processes.
In summary, a factory is categorized as physical capital, representing the tangible assets and infrastructure used in the production process. So Option C is correct.
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If a store has a “buy one, get one free” sale and an item costs $10, what is the marginal cost of the second item?
A) $7.50
B) $10
C) $5
D) $15
E) $0
If a store has a “buy one, get one free” sale and an item costs $10, then the marginal cost of the second item would be option E). 0.
What is marginal cost?The marginal cost helps to determine the additional cost that a company has to incur while producing one extra unit. In the case of buy one get one free item the final price tend to include the cost of both products.
Therefore, the marginal cost of the second product would be zero as the producer does not have to bear any additional cost as the product is free.
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Why are economic systems needed? Respond to the question below with a minimum of 5 sentences.
Answer:
Explanation:Since economic resources are scarce, they must be used efficiently. We want to produce as much goods and services as we can, and in the process, produce the goods and services needed the most. There are five functions an economic system performs in producing goods and services for consumption.
Audit reports prepared under the Single Audit Act include which of the following? a. a report on the study of the internal control systems b. a report on the study of the internal control systems c. an opinion on the fairness of financial statement presentation d. all of the above
The correct answer is d. all of the above. Audit reports prepared under the Single Audit Act include all of the mentioned components.
The Single Audit Act requires audits of entities that receive federal funding, and these audits are conducted in accordance with the applicable auditing standards. The Act mandates auditors to report on the entity's internal control systems, which includes evaluating the design and implementation of controls and assessing their effectiveness.
Additionally, audit reports prepared under the Single Audit Act provide an opinion on the fairness of financial statement presentation, ensuring that the financial statements fairly present the entity's financial position, results of operations, and cash flows in accordance with the applicable financial reporting framework. Therefore, all of the listed components are included in audit reports prepared under the Single Audit Act.
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All of the following are benefits of global business except
expanded business opportunities.
decreased competition.
improved political relationships.
increased sources of raw materials.
Answer:
decreased competition
Explanation:
Decreased competition is not a benefit of global business. In fact, smaller competition is a characteristic of economies that are not very integrated to the global economy, because it is easier for a few companies (oligopoly), or a single company (monopoly) to dominate an economic sector in a smaller economies that has barriers to entry to possible foreign competition.