FOUNDATION OF COMPUTER SCIENCE Chapter Notes -Profit Margin, Longrun, Developing Country
26 Aug 2022
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Russia, australia, and most of western europe the economies of these nations are characterized by private enterprise and consumer orientation. They have high literacy, modem technology, and higher per capita incomes. Developing nations are those that are making the transition from economies based on agricultural and raw materials production to industrial economies. Many latin american nations fit into this category, and they exhibit rising levels of education, technology, and per capita incomes, Finally, there are many less-developed nations in today"s world. These nations have low standards of living, literacy rates are low, and technology is very limited. Usually, the most significant marketing opportunities exist among the industrialized nations, as they have high levels of income, one of the necessary ingredients for the formation of markets. However, most industrialized nations also have stable population bases, and market saturation for many products already exists.
