chapter 6 - Economic Environments Chapter 6 What is an...

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Economic Environments Chapter 6 What is an economic environment? Economic environments are primarily concerned with the underlying existing wealth of a region and how that affects the capacity of that region to produce new wealth o Snapshot of a country’s richness and how successful a government or culture is at producing wealth o Economic values Comprehensive Measures: GDP- gross domestic profit- the value of all goods and services produced in a country o All income earned from inside the country of all business transactions GNI- gross national income- the value of all goods and services produced by companies domiciled inside a country regardless of where those goods or services are produced around the world o All income produced by nationally based companies o Measure of economic power GDP Per Capita- is calculated by dividing the GDP by the total population of a country GDP Rate of Change- measure of how quickly the country’s wealth is increasing or decreasing
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This note was uploaded on 04/09/2012 for the course GEB 3375 taught by Professor Sweo during the Spring '08 term at University of Central Florida.

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chapter 6 - Economic Environments Chapter 6 What is an...

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