Research Paper

African King and China: International Trade

4 pages | 1040 words

This essay discusses the ancient trade relations between the African king and China, as well as how the invention of money made it easier for Chinese traders to invest in Africa. It also looks at how this trade influenced the economic perspectives of the region.

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Research Paper

Market-Entry and Channel Strategy for International Trade

6 pages | 1390 words

This paper investigates and analyzes the market-entry and channel strategy for international trade. A literature review is conducted on the topic, followed by an empirical analysis where data from different sources is used to test different hypotheses. The paper concludes with policy implications for policy-makers when formulating policies relating to international trade.

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Research Paper

Product Modification: Market-Based vs. Customer-Based

5 pages | 1270 words

This essay discusses the two main types of product modification - market-based and customer-based - and evaluates their advantages and disadvantages. It also provides guidance on how to modify a product to suit different markets, and how to price the product to generate desired sales outcomes.

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Informative Essay

The Invisible Hand: Pros and Cons

2 pages | 290 words

The theory of the invisible hand was first proposed by Adam Smith in his 1776 book, An Inquiry into the Nature and Causes of the Wealth of Nations. The basic idea behind the theory is that when individuals pursue their own self-interest in a free market, they unintentionally promote the good of society as a whole. The theory has been both praised and critiqued by economists and political theorists over the years, with some arguing that it is simplistic and does not take into account important factors such as monopoly power, externalities, and public goods.

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