By: Heath Barnacascel Principles of Business Ch.3
<ul><li>The difference between a country’s total exports and total imports is called the  Balance of Trade </li></ul><ul><...
<ul><li>The exchange rate is the value of a currency in one country compared with the value in another </li></ul><ul><li>S...
<ul><li>The following are the factors that affect exchange rates : </li></ul><ul><li>Balance of Payments </li></ul><ul><li...
<ul><li>Geography affects business rates because it affects where you can build you businesses and how easy is it to get t...
<ul><li>Culture is the accepted behaviors, customs, and values of a society </li></ul><ul><li>The main cultural and social...
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World Economy

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Heath Barnacascel

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World Economy

  1. 1. By: Heath Barnacascel Principles of Business Ch.3
  2. 2. <ul><li>The difference between a country’s total exports and total imports is called the Balance of Trade </li></ul><ul><li>If a country exports more than it imports, it has a trade surplus, which is good </li></ul><ul><li>If a country exports less than it imports, it has a trade deficit, which is bad </li></ul>
  3. 3. <ul><li>The exchange rate is the value of a currency in one country compared with the value in another </li></ul><ul><li>Supply and Demand effects the value of currency in a Country </li></ul><ul><li>The balance of exchange rate between the United States and Mexico is -64,376.3 </li></ul>
  4. 4. <ul><li>The following are the factors that affect exchange rates : </li></ul><ul><li>Balance of Payments </li></ul><ul><li>Economic Conditions </li></ul><ul><li>Political Stability </li></ul>
  5. 5. <ul><li>Geography affects business rates because it affects where you can build you businesses and how easy is it to get to </li></ul><ul><li>Example- If your business is in a hard to reach area then you might not get as many customers or consumers </li></ul>
  6. 6. <ul><li>Culture is the accepted behaviors, customs, and values of a society </li></ul><ul><li>The main cultural and social factors that affect international businesses are language, religion, values, customs, and social relationships </li></ul>
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