<h2>Every country operate in a different yet similar system of both political and social affairs.</h2>
Explanation:
Every country operate in a different yet similar system of both political and social affairs. In terms of political differences, some countries have parliamentary governments while some countries like the US have presidential governments.
Regardless of how each country operate politically, most of the operational system of these countries are embedded in democracy and the general welfare of its citizens. The differences occur because of these operational systems of each country. They could differ in policies, reforms or laws which are based on the interests of its people and the nation.
In economic terms, the differences occur when governments prioritize what economic policies or model they choose to implement. Economic systems of a country change according to the need of the times. For instance, China initially, after its independence, chose to remain a closed economy until it reformed its policies in 1978 to finally open up the country.
Legal systems of countries differ from one another as every country use a civil law system based on its cultural, social, political and historical circumstances. For instance, in US each state has the power to establish its own legal procedures while in some country, every state must follow a uniform civil code.
As we know the political economy refers to both the political and economic systems of a country, management practice of national differences is important to taken into account before securing economic relations with another country. Management practice of national differences helps in finding favorable economic and political systems around the world for a country to make both economic and political partnership with.
Answer:
strategic alliance
Explanation:
Based on the scenario being described within the question it can be said that the relationship in this scenario is best referred to as a strategic alliance. This term refers to an agreement between two parties in which they both help each other reach an agreed upon goal but still remain as their own independent organization. Instead it is only a strategy to reach the goals at a much faster time-frame than if each company were doing it alone.
Answer:
Annual growth rate = 1.29% per year
Population in 2050 = 11.53 billion
Explanation:
Data provided in the question:
Population in 1999 = 6 billion = 6,000,000,000
Rate of increase in population = 212,000 per day
Now,
Number of days in a year = 365
Therefore,
Annual growth rate
= [ Growth rate per day × Number of days in a year ] ÷ initial population
= [ 212,000 × 365 ] ÷ 6,000,000,000
= 0.0129 per year
or
= 0.0129 × 100%
= 1.29% per year
Now,
2050 is 51 year from 1999
Population in 2050 = Population in 1999 × ( 1 + rate )ⁿ
= 6,000,000,000 × ( 1 + 0.0129 )⁵¹
= 11.53 billion
