Explain the Structure of the Circular Flow Model

question 135

Essay

Explain the structure of the circular flow model.

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Definitions:

Internationalization Process

Involves adapting businesses and strategies to fit foreign markets and cultural practices to ensure global competitiveness.

Direct Foreign Investment

Investment made by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets.

North American Women

Refers to women who are from or living in North America, encompassing a diverse range of cultures, nations, and backgrounds.

Foreign Assignments

The process of sending employees to work in a location outside their home country for a predetermined period as part of their employment duties.