Example Of A Conclusion For Exercise 3
The Kingdom of Armorika's low Gini Coefficient suggests that the economy is stable and there is a market to import technological and luxury items. With a fairly even distribution of wealth firms can expect to have access to large markets. The Kingdom of Armorika provides firms with a market that is educated in making purchasing decisions with an adult literacy rate at 99% and UN Human Development Index(HDI) of .9 . If firms are to create a start in a market and gain a first-mover advantage they will do so in a market has an impressive GDP per Capita PPP of $48 010 (World Bank classification, 2013). This shows that even with a population of 6 million, the economy is strong and developed and with 95% of the population living in urban areas it is assumable an urban economy would exercise their discretionary income on technology and luxury goods.
When looking at the volume of imports and exports in the Kingdom of Armorica it is clear that these two areas of trade make up 54% of GDP. With over half of the nations entire GDP dependent on these sectors the data shows that International firms thrive in this economy. The main exports such as medicines, pharmaceuticals, diamonds, blood, petroleum and seafood (Bloomberg, 2014) belong in sectors that benefit from economies of scale, where doing International business eases production and manufacturing in each country it is undertaken in. Furthermore, with exports making up almost under one third of GDP firms can recognize the sectors in which are thriving with economies of scale and which sectors are yet to venture into International business and follow patterns of other successful industries.
As previously mentioned with a high GDP per capita PPP of $48 010 the Kingdom of Armorika has a marketplace that is well developed. In reference to the national imports a high number of them come from agricultural industries such as foodstuffs, mining and raw goods. Therefore, the import sectors that could be ventured into such as
When looking at the volume of imports and exports in the Kingdom of Armorica it is clear that these two areas of trade make up 54% of GDP. With over half of the nations entire GDP dependent on these sectors the data shows that International firms thrive in this economy. The main exports such as medicines, pharmaceuticals, diamonds, blood, petroleum and seafood (Bloomberg, 2014) belong in sectors that benefit from economies of scale, where doing International business eases production and manufacturing in each country it is undertaken in. Furthermore, with exports making up almost under one third of GDP firms can recognize the sectors in which are thriving with economies of scale and which sectors are yet to venture into International business and follow patterns of other successful industries.
As previously mentioned with a high GDP per capita PPP of $48 010 the Kingdom of Armorika has a marketplace that is well developed. In reference to the national imports a high number of them come from agricultural industries such as foodstuffs, mining and raw goods. Therefore, the import sectors that could be ventured into such as