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Discuss the Effect of Country Factors on the Decision of Where

question 62

Essay

Discuss the effect of country factors on the decision of where to locate production.


Definitions:

Insurance Premium

The amount of money that an individual or business must pay for an insurance policy.

Financial Risk

The possibility of losing money on an investment or business venture.

Risk-Averse

A characteristic describing individuals or entities that prefer to avoid risks and favor more certain outcomes.

Marginal Utility

The additional satisfaction or utility that a consumer derives from consuming one more unit of a good or service.

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