Second, international markets have more potential consumers. In this society, the economy has increased very rapidly around the world. However, along with the high increase speed of economy, most people in different countries are experiencing a more fast-paced lifestyle. For example, Shanghai has grown into a modern and exhilarating metropolis where students will find a distinctly European flavor. People enjoy a higher standard of life quality and readily embrace foreign influences.
Stage three of the Conrad and-Demarest model helps understand empires by seeing their major results such as relative stability and prosperity, economic rewards, and population increase. The stability and prosperity of the Han started with high agricultural productivity supporting the craft industries of iron tools and silk. The iron industry was of rapid growth, because iron parts were used in shovels, picks and spades, enabling cultivators to produce more food and support a larger population. The agriculture surplus allowed fine manufactured goods to be produced and to engage in trade. Iron also was of military use in crafting armor, swords and spears.
By having an economic influence, the country can also have a large number of companies and economic self-sufficiency. Trade is one of the key ways in which superpowers make money. Most world trade takes places between Europe, North America and Asia. This is trade in goods and services and is high value. It earns money for global TNCs, the majority of which are from the developed world.
As a result of these natural obstacles, China relied on the trade between China, India, and Central Asia for jade, ivory and pearl which was very useful. On the other hand, there were the yellow and Yangzi Rivers to the east. This allowed for great agricultural success. In the north was dry, cold climates which called for technological, political, philosophical, and religious advances, was later abandoned for the warm, lush southern land. Over the years, yellowish- brown deposits made the soil manageable and so large
In the Byzantine Empire, trade played a very important role in their economic system. These Romans traded across the revived silk roads and the Mediterranean Sea, which made Constantinople the center of commerce and wealth. Due to their highly developed structure, the Byzantines were able to develop banks and businesses. These advanced practices were integral to the empire’s success. Their agricultural strength was another component that added to the empire’s power.
In 1811, Europeans began to develop port facility in the area and receive fresh produce. Port functions grew by 1826 and became one of the busiest seaports in Australia. Due to this, it attracted industry to the area. Port facilities lead to population growth as it was close to the city and markets and continued to attract industry to the area. Industry transport grew, in 1870 rail goods yard built to handle increasing transport requirements of industry.
Economically, the Silk Road had a colossal effect on the world’s economy which established how and where most of the major imports and exports go. More often than not, the economics of whole
A positive effect of Kudler Fine Foods in a monopolistic market structure is that they lead in the market and can increase competition between companies and make massive profits by setting higher prices (Colander, 2010). An advantage of a monopolistic competition structure is the ability to set and manipulate product pricing with little consequence because of their strong product differentiation. A disadvantage of a monopolistic competition market is product differentiation can generate unnecessary waste, and advertising can also be considered
[5] There was also a rise of leisure time, emergence of an urban middle class, technological advances, and an increase of wages. The twenties saw an increase of consumer spending. Many wages were spent on cars, radios, and household appliances. The economy was booming. Workers were making enough money to have some leisure spending and time, and industries were taking advantage of this by catering to these new audiences.
Numerous wars were fought over trade, because of the great profit it brought to the land. The Crusades were not just holy wars, but they also aimed to take one of the largest trading centers and routes in the world. Trading and the City: Merchant and traders were not part of the medieval feudal society, yet they had great influence in it. As trade developed, towns along the trade routes became richer and richer. Some developed into great cities, such as Paris, France.