After reading this chapter, you should be able to: understand the purpose of economic analyses recognize the economic and socioeconomic dimensions of the economy understand the importance of a nation's consumption patterns and the
significance of purchasing power parity understand the degree to which labor costs can vary from country to
country understand the significance for businesspeople of the large foreign
debts of some nations ascertain the reasons for the worldwide downward trend in birthrates
and its implications for businesspeople understand indicative plans and their importance for businesspeople |