List the Five External Factors That Affect Market Potential and Briefly

question 23

Essay

List the five external factors that affect market potential and briefly outline what their influence on the potential is.

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Definitions:

Corn

A cereal plant that yields large kernels on a cob, used as food for humans and livestock and as a raw material in industry.

Factor Endowments

Refers to the quantity and quality of resources a country or region possesses, such as labor, land, and capital.

World Trade

The exchange of goods, services, and capital between countries and territories across the globe.

Different Sizes

A term denoting a variety in the scale or dimension of objects, entities, or quantities.