GMS 522 Chapter Notes - Chapter 4: Lybia
15 Oct 2012
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Group of 5 : us, britain, france, germany, japan. Organization of petroleum exporting countries (opec) : algeria, indonesia, iran, iraq, Kuwait, lybia, nigeria, qatar, saudi arabia, uae, venezuela. Asia holds over half of the world"s population. China and india is 70% of asia. Us population is 10 times bigger than canada. Urbanization: the definition is different from country to country. Per capita gnp is often used as a primary indicator for evaluating purchasing power. Very low family income (cameroon), very low and very high family income (mexico), low medium high family income (portugal), mostly medium family income (denmark) Purchasing power parties (ppp): shows how many units of currency are needed in one country to buy the amount of goods and services that one unit of currency. Consumption patterns: the share of income spent on necessities will provide an indication of the market"s development level as well as an approximation of how much money the consumer has left for other purchase.
