The private sector is the part of a country's economic system that is run by individuals and companies, rather than the government. Most private sector organizations are run with the intention of making profit. The segment of the economy under control of the government is known as the public sector.
Answer:
1
Explanation:
Pine uses Starbucks as an example to illustrate how price points change as consumers move from purchasing a simple product to purchasing an experience. Explain what happens to the cost for the customer as these stages progress
The asnwer is: <span>The subsidized industries have an advantage on international markets relative to non subsidized industries.
If an industry received a subsidy from the government, the total expense made during the operational period of that industry will be reduced and create more opportunity for growth in that industry.</span>
International trade with free markets encourages the overthrow of tariffs for the free movement of goods and services between countries. According to Trade Theories, countries have peculiar characteristics that give them relative or absolute advantages. Thus, a country can specialize in a commodity and export it and import other commodities.
It is also important to emphasize that countries seek to export more than import, ie to increase their surplus in the trade balance. If a country exports more than it imports, more money gets.
