What Effects Will Globalization Have on Labor Demand? What Will

question 39

Essay

What effects will globalization have on labor demand? What will happen to wages of U.S.workers as more foreign trade occurs?

Grasp the impact of Japanese art on Western artists.

Understand the role of folk art in modern Japan.

Identify traditional Japanese art terms and mediums.

Understand the reasons behind the failure of small businesses and strategies for prevention.

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Definitions:

Operating Capability

The ability of a company to maintain efficient operations and produce goods or services at a consistent level of quality.

Physical Capacity

A measure of the maximum amount of work or production an asset can achieve in a certain period under normal conditions.

Working Capital

The difference between a company's current assets and current liabilities, representing the short-term liquidity.