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| 1. |
Why there is a need of international business |
| Answer» Following are the main reasons behind international business.1.\xa0Unequal distribution of natural resources and differences in the productivity levels of the countries make them incapable of producing every good of their requirement.2.\xa0Labour productivity and production costs differ among nations due to socioeconomic, geographical and political reasons.3.\xa0The availability of different factors of production such as labour, capital and raw materials differ among nations. | |