International Product Cycle is a model that patterns international manufacturing & trade of product . It has 4 stages :
Introduction - Innovated Invention in a developed country. Limited production & consumption, no competition
Growth - Spread to other developed countries, foreign production & competition starts, consumption & coverage rise.
Maturity - Spread to developing countries, stagnant growth in developed countries & fast growth in less developed countries
Decline - Spread to less developed countries, technology outdated, various substitutes emerge & no. of sellers decline, demand still exist in less developed countries.
So: the next stage after 'Innovated Invention' in a developed country X is - its growth in other developed countries, not 'manfacturing in developing countries' (reflected in 3rd maturity stage).
<span>This reduction in taxes serves as a "direct" incentive to buy a house.
</span>There are direct incentives and indirect incentives, the difference between them are;Direct incentives are generally simple to perceive/aftereffect of an activity – Firm brings down the gas cost to pull in more clients and Indirect incentives are the hidden outcome of the move made – Pollution is a result of the expanded amount requested.
