Answer:
The commercial activities that cross national borders are known as international business. The goods, services, technology, personnel etc. all are moved from one country to another and also to many countries and vice versa. This movement is known as import and export in layman language. It is generally done through various modes of entry like licensing, franchising etc.
When the skilled and knowledgeable workers and professionals migrate from developing countries to another country is known as brain drain.
It occurs due to the following reasons:
1. When the individual does not finds the better opportunity of growth in his country.
2. When the economic condition of the country is not stable.
3. When an individual get a better offer from foreign countries.
The following actions are taken by countries in order to reverse or reduce brain drain:
1. The country like Beijing has launched a talent program to capture talents that are going to be migrating from China. Through this program, they offer good salaries, grants of 1 million yuan etc. To the professionals and scientists.
2. The Country like the US has limited the number of visas related to work.
3. Increasing stability of the economy in countries like India also pull the talent back to the home country.
Answer:
The commercial activities that cross national borders are known as international business. The goods, services, technology, personnel etc. all are moved from one country to another and also to many countries and vice versa. This movement is known as import and export in layman language. It is generally done through various modes of entry like licensing, franchising etc.
No, the classical economists that assumed the labor factor is immobile are not correct in the context of the modern world because in the modern world the marketing is converted into global marketing means countries now sell their products in all the countries of the world. So the labor factor moves to that country where they find more income or chance of self-growth. Also, manufacturers of the countries attract labor from another country towards them just because of their availability at lower cost.
Answer:
The commercial activities that cross national borders are known as international business. The goods, services, technology, personnel etc. all are moved from one country to another and also to many countries and vice versa. This movement is known as import and export in layman language. It is generally done through various modes of entry like licensing, franchising etc.
The average age of the population increased in some nations by 1 percent of the individuals aged 65 years old or more and it is also increased by 10 percent in the coming years.
Following are the reasons for the increasing average age of the population:
1. The improvement in medical care and treatment.
2. Improvement in health care plans.
3. Improvement in the social and economic factors.
The following are the implications of this trend:
1. The companies have to produce more products, considering this age group people in mind.
2. Companies have to focus now on the taste and preference of this age group people.
3. The production of care equipment will manufacture more.
4. The companies also need to focus on health of this age group people.