Circular flow of income : The idea that the expenditures of one group are income for other groups. The income is then spent to create income for still other groups.
수입의 순환 : 한 그룹의 지출은 다른 그룹의 수입이 된다는 개념. 소득은 다른 그룹을 위한 수입원을 만들기 위해 소비되는 것이다.
56. Class I oligopoly : An oligopoly in which firms a
Summary 1
1. Economics is the scientific study of people and institutions from the point of view of how they produce and consume goods and services and face the problem of scarcity.
경제학은 그들이 어떻게 생산과 소비에서 상품과 서비스에 부족의 문제에 직면해 있는가 하는 관점에서 사람 그리고 교육기관의 과학적인 학문이다.
2. Microecon
3. Consequence of regional protectionism
Less comparative advantage and less profit
Since the total price index is difficult to collect, we use an indirect method to analyze the price trend due to the impact of China’s entry into WTO. We collect the profit rate from 1996 to 2005 of the largest three automobile manufacturers as representative. They produce most automobiles of the domestic
Local Economy Enhancement by Film Festival s & Film Production
Actual Events
San Francisco:
Film Production
→9,000 jobs &
$170 million
Korea:
Busan Intl. Film Festival
→ tourists expenditures were
$3 million
Our Assumption
Korea:
Film Production:
300,000 visitors
Germany:
Film Production:
12,000 jobs
Localization
Localization can also be divided in to two groups which are marketing program and marketing process. The Localization in marketing program is programs such as product design, product positioning, brand name, packaging, selling price and customer service are done accordance to the condition of market so that it can be fit into the ambience of local market. Meanwhile the localization