Before making a decision about entering into the global market, business owners must familiarize themselves with some macro- and microeconomic concepts: The World Bank and International Monetary Fund Imports and exports as part of Gross Domestic Product (GDP) Multinational corporations Foreign direct investment and capital flows Foreign exchange market and exchange rates Labor theory of value Marginal rate of transformation Gains from trade, comparative advantage Economies of scale >First, define these terms in your own words as if explaining them to a business owner (cite to support/note your source). Then, discuss how these terms individually apply to both supply and demand and to a business owner who is contemplating expanding internationally. .