MARK-403 Study Guide - Final Guide: Common External Tariff, Foreign Direct Investment, Disposable And Discretionary Income
20 Apr 2016
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Lack capability of significantly increasing the level of productivity. Absence of systematic of the methods of modern methods of science/technology. Societies in the process of transition to the take off stage. Advances of modern science beginning to be applied in agriculture/production. Development of transportation, communications, power, education, health and other public undertakings have begun in small but important ways. Countries achieve growth pattern that becomes a normal condition. Human resources and social overhead have been developed to sustain steady development. Sustained progress is maintained and the economy seeks to extend modern technology to all fronts of economic activity. Has the technological/entrepreneurial capacity to produce what it wants. Stage 5: the act of high mass consumption. Shifts in the leading economic sectors toward durable consumer goods and services. Real income per capita= very large numbers of people have significant amounts of discretionary income. Mode of entry and advantages and disadvantages of each. Import agent, wholesaler, retailer> or an end customer: disadvantages:
