1.Model the global market for personal computers. Demand In current world market, it is only reasonable to consider PC's to be an essential commodity for the average house hold. This would mean that people would still buy computers despite higher prices and not buy more in the case of lower prices. Therefore, we conclude that the demand for PC's is not overly sensitive to price changes and is relatively inelastic; hence the steeper demand curve. …
showed first 75 words of 1848 total

showed last 75 words of 1848 total
…its currency China will tend to buy more from its neighbours. So China will provide opportunities for the other countries to increase their own exports. Investment Opportunities. Growing economic activity, inexpensive labour force and developing infrastructure in China will be incentive to investors in neighbouring nations to invest their capital in China. Employment opportunities. Even though China possesses an abundant labour force there will still be demand for trained and skilled labour from foreign countries.