The advantages and disadvantages of globalization. Introduction: A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

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Answer 1

Question

Chapter 4, Problem 4.1QR

Summary Introduction

To determine: The advantages and disadvantages of globalization.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Expert Solution & Answer

Explanation of Solution

Determine the advantages and disadvantages of globalization:

Advantages:

Globalization has the potential to increase the standard of living
Profitability of the business can be improved
Using new technology made the communication, commerce, and international travel cheaper and faster.

Disadvantages:

There is a chance that the business would misuse the workers in less-developed countries
Business might bypass the domestic environmental regulation and tax regulation.
There would be a loss of cultural heritage due to globalization.
Globalization might give more benefits to rich people rather than improving poor people.

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Answer 2

Question

Chapter 4, Problem 4.1QR

Summary Introduction

To determine: The advantages and disadvantages of globalization.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Expert Solution & Answer

Explanation of Solution

Determine the advantages and disadvantages of globalization:

Advantages:

Globalization has the potential to increase the standard of living
Profitability of the business can be improved
Using new technology made the communication, commerce, and international travel cheaper and faster.

Disadvantages:

There is a chance that the business would misuse the workers in less-developed countries
Business might bypass the domestic environmental regulation and tax regulation.
There would be a loss of cultural heritage due to globalization.
Globalization might give more benefits to rich people rather than improving poor people.

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Answer 3

Question

Chapter 4, Problem 4.1QR

Summary Introduction

To determine: The advantages and disadvantages of globalization.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Expert Solution & Answer

Explanation of Solution

Determine the advantages and disadvantages of globalization:

Advantages:

Globalization has the potential to increase the standard of living
Profitability of the business can be improved
Using new technology made the communication, commerce, and international travel cheaper and faster.

Disadvantages:

There is a chance that the business would misuse the workers in less-developed countries
Business might bypass the domestic environmental regulation and tax regulation.
There would be a loss of cultural heritage due to globalization.
Globalization might give more benefits to rich people rather than improving poor people.

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Answer 4

Question

Chapter 4, Problem 4.1QR

Summary Introduction

To determine: The advantages and disadvantages of globalization.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Expert Solution & Answer

Explanation of Solution

Determine the advantages and disadvantages of globalization:

Advantages:

Globalization has the potential to increase the standard of living
Profitability of the business can be improved
Using new technology made the communication, commerce, and international travel cheaper and faster.

Disadvantages:

There is a chance that the business would misuse the workers in less-developed countries
Business might bypass the domestic environmental regulation and tax regulation.
There would be a loss of cultural heritage due to globalization.
Globalization might give more benefits to rich people rather than improving poor people.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 4, Problem 4.1QR

Summary Introduction

To determine: The advantages and disadvantages of globalization.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Expert Solution & Answer

Explanation of Solution

Determine the advantages and disadvantages of globalization:

Advantages:

Globalization has the potential to increase the standard of living
Profitability of the business can be improved
Using new technology made the communication, commerce, and international travel cheaper and faster.

Disadvantages:

There is a chance that the business would misuse the workers in less-developed countries
Business might bypass the domestic environmental regulation and tax regulation.
There would be a loss of cultural heritage due to globalization.
Globalization might give more benefits to rich people rather than improving poor people.

Answer 6

Chapter 4, Problem 4.1QR

Summary Introduction

To determine: The advantages and disadvantages of globalization.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Expert Solution & Answer

Explanation of Solution

Determine the advantages and disadvantages of globalization:

Advantages:

Globalization has the potential to increase the standard of living
Profitability of the business can be improved
Using new technology made the communication, commerce, and international travel cheaper and faster.

Disadvantages:

There is a chance that the business would misuse the workers in less-developed countries
Business might bypass the domestic environmental regulation and tax regulation.
There would be a loss of cultural heritage due to globalization.
Globalization might give more benefits to rich people rather than improving poor people.

Answer 7

Chapter 4, Problem 4.1QR

Summary Introduction

To determine: The advantages and disadvantages of globalization.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

Answer 8

Expert Solution & Answer

Explanation of Solution

Determine the advantages and disadvantages of globalization:

Advantages:

Globalization has the potential to increase the standard of living
Profitability of the business can be improved
Using new technology made the communication, commerce, and international travel cheaper and faster.

Disadvantages:

There is a chance that the business would misuse the workers in less-developed countries
Business might bypass the domestic environmental regulation and tax regulation.
There would be a loss of cultural heritage due to globalization.
Globalization might give more benefits to rich people rather than improving poor people.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 4 - Prob. 4.1QR Ch. 4 - Prob. 4.2QR Ch. 4 - Prob. 4.3QR Ch. 4 - Prob. 4.4QR Ch. 4 - Prob. 4.5QA Ch. 4 - Prob. 4.6QA Ch. 4 - Prob. 4.7QA Ch. 4 - Prob. 4.8QA Ch. 4 - Prob. 4.9AE Ch. 4 - Prob. 4.10AE

Explanation of Solution

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