Answer:
A standard of living is the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a certain geographic area. The standard of living includes basic material factors such as income, gross domestic product (GDP), life expectancy, and economic opportunity.
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Answer:
Capital investment
Explanation:
Capital investment is a sum of money that has been provided by a company for further investment to run the business objectives. This capital investment is related to the company acquisition such as manufacturing the plant, the real estate and the machinery. The money in capital investment comes from anywhere. The company that has startup needs capital investment that they bring it from venture capital firm and other firms. The main purpose of capital investment is to develop the product and market the product.
Answer:
Competitive advantage
Explanation:
This is one of the major reasons for international trade. It is claimed that industries that go global usually succeed in countries where they have great competitive advantage, except there are major trade barriers they face. It is highly likely that they will produce more of those goods that they have a strong hold and enjoy competitive advantage and lower opportunity cost compared to other countries.
Answer:
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Explanation:
