Globalization in essence is companies and governments climbing onto the world stage and interacting internationally.
Globalization has helped some, but it has also hurt a lot, specifically through:
- Making the rich richer
- Removing trade barriers only for new ones to rise (VAT taxes, etc.)
- Increased trade deficits with many jobs leaving their developed nations for less developed ones (U.S. manufacturing to China, etc.)
- Developed country job pay cuts
- MNC's leaving countries and exploiting international tax havens
- MNC's overseeing bad work conditions in countries with less regulations
- MNC's influencing international politics
- Exploitation of labor
- Social welfare schemes
Et cetera, et cetera...
All the problems we hear about with companies leaving their countries and stranding thousands if not millions of people without jobs, and labor issues in other countries all stem from globalization. So we need to decide if the benefits outweigh the costs here or not...
Perfect competition is the simplest market structure, where the market is assumed to be in equilibrium and that all sellers sell the same product at the same price. The four conditions for perfect competition are:
1. There are many buyers and sellers in the market so that no one individual or seller can influence the price of the products, goods, and services.
2. Identical products are offered by the sellers
3. Both the buyers and the sellers are well-informed about the products and want to maximize profit.
4. Entry and exit to and from the market can be done freely by the sellers and buyers.
There is no market which displays 100% perfect competition. However, markets exhibiting nearly perfect competition do exist. These include street food vending and agricultural markets.
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not understood what r u trying to say
Protect people's rights from infridgement by the government, social organizations and more. It also helped people not to be discriminated on when voting. Hope this helps!
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The justices of the Supreme Court are nominated by the president and confirmed by the Senate.