Question

The fictional country of kovasia decides to open its market to foreign businesses. what positive and negative effects will kovasia likely experience? the volume of exports will increase. people may lose jobs to outsourcing. goods and services may become less expensive. domestic products may become less popular.

Answer 1

The positive effects helps the growth of Kosavia with the increase of less expensive export, and the negative effects involve the loss of job and the less popularity of the domestic product.

What is foreign business?

Foreign business has been defined as the trade between the nation the earning the profit by the countries.

Kosavia with the foreign trade may experience the following as the positive effect that helps it to increase its capital:

• The volume of exports will increase
• Goods and services may become less expensive.

The foreign business of Kosavia will experience the following  negative effects:

• Domestic products may become less popular
• People may lose jobs to outsourcing

Learn more about foreign business, here:

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