A market economy is when production is regulated through the concepts of provide and demand. However, that's now not truly what a market economy is. The market financial system works when it extracts the most ultimate amount of cost from a buy or trade. See,...
Indonesia is an 1.905.000 km2 archipelagic country that has many natural resources, and to process their natural resources in order to fulfill it’s need, Indonesia need more advanced technology which will cost too much for processing their natural resources. Meanwhile, there is Philippines, who has...
Introduction Globalization has created the international interdependence where countries are intertwined especially in economic activity. Country could not stand alone to fulfil all its needs just like the basic understanding of humans are living social beings we are interdependence with one another. The same understanding...
Comparative advantage is the term that used to explain the ability of one nation or country to produces either it is goods or service using the cheaper opportunity cost compare with the others competitor, in this case, is other nation or country. In order to...
Thesis The articles I choose for analysis are Gareth Phillips, 'We can’t waste a Drop' and Jon Emont, 'The Robots Are Coming for Garment Workers.' The three articles have similar microeconomic concepts because of one-aspect gains, the other one decline. An excellent example as demand...
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