In this chart, revenue and profit of the duty free shop is comparatively high, and other department’s revenue is also increasing progressively. It can be expected that other department’s revenue and profits will increase highly as a result of customer recognition and stability of business. The business of the duty-free shops will be in good condition by luring Asian tourist. Although Hotel S
will choose customs union.
Unlike a customs union, members of a free trade area do not have the same policies with respect to non-members, meaning different quotas and customs. To avoid evasion (through re-exportation) the countries use the system of certification of origin most commonly called rules of origin, where there is a requirement for the minimum extent of local material inputs and l
less expensive imported goods
Therefore, this situation enhances the economic welfare of the member countries.
Workers who are fired by the less competitive company will get subsidies.
Some of these workers abuse the law in order to get more subsidies.
Besides, these subsidies will be supplied by people’s tax.
So, the more people prefer free trade, the more tax they will pay.
Free child care policy
Definition : Beneficiaries of free daycare center use to everyone
Background : 1. Formal reason, The advent of low fertility society.
2. The main reason is welfare populism. 2007, Lee Myung-bak pledged to provide free child-care.
Problem : Because of the lack of the budget, current policy will be impleted till 2013
free markets work and it makes success and fail that we need to accept under this condition (Sununu, 2008, ¶9). However, if the government helps those companies without a right and persuasive reason, then that would be a kind of discrimination policy.
Second of all, bailing out with taxpayer’s money is just a temporary solution, so eventually it will be a waste of money. When the government