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In a short essay, discuss the three planning contingency factors that influence the choice of plans and illustrate how these factors influence planning.
Net Transfers
The difference between the total transfers into an economy, such as remittances and foreign aid, and the total transfers out.
Current Account Balance
The balance of trade between a country and its trading partners, reflecting the difference between exports and imports of goods and services.
Foreign Corporation
A company that is registered and operates in a country different from the country where it was incorporated, subject to the laws and regulations of the host country.
Insurance
A financial product that transfers the risk of financial loss from an individual or entity to an insurance company in exchange for premium payments.
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