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In a short essay, explain the special attributes of the generation Y (Gen Y)workforce and why managers may need to provide particular attention to these attributes.
Importer or Exporter
An entity that buys goods and services from a foreign country (importer) or sells them to a foreign country (exporter).
Comparative Advantage
The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors, underpinning the basis for trade.
World Price
The price of a good or service on the international market, shaped by the global forces of supply and demand.
Domestic Price
The cost of products or services in a country, affected by domestic demand and supply factors.
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