trade-off approach, integrated approach, leveraged approach)
1. trade-off approach (희생 접근법)
회사와 개인생활은 경쟁하는 대결구도에 있기 때문에 한가지를 선택하면 다른 것을 포기해야 하는 기회비용이 발생하는 것으로 인식하는 접근법으로 회사의 일과 개인생활 둘 중에 한가지를 선택해야 하는 상황이 발생하
In the modern age
: Free Trade withdraws restrictions about various imports and non-tariff barriers and makes international tradebalanced and equalized.
Therefore, free trade in the 19th century and the modern age are different because the former unilaterally protected class profits of one country in the 19th century.
FTA would facilitate inefficient domestic production to be replaced wit
(visible trade)은 형태를 갖추어 눈으로 볼 수 있는 상품을 수출입하는 경우이다. 우리가 알고 있는 일반적인 상품의 수출입이 여기에 해당된다. 유형무역은 반드시 수출입통관을 거치게 되어 무역통계에 표시되며 또한 무역수지(tradebalance)로서 한 나라의 국제수지에서 가장 중요한 항목에 해당된다.
Reason : we need to maximize its profit. So nations need generally
accepted standard to trade smoothly between nations.
Balance of payment is overall money flows into and out of a country.
1. Positive balance of payment is called balance of payment surplus,
means more money has moved into a country than out of it.
2. Negative balance of payment is called
Essential industry for a nation’s economic activity
It facilitates indispensable human and material resources for national economy
3. It activates tourism industry and facilitates the balances of international trade
4. It enables and facilitates the social and cultural interaction.
5. A high value added industry
The number of aircraft produced is very small but it is hugely expensive.