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Presentation 1
Presentation 1
YEAR 2021-2022
SUBJECT: INTRODUCTION ON BUSINESS
LECTURER: SEM PISETH
GLOBAL COMPETITION
1.1 THE GLOBAL MARKETPLACE
Currency
• Import and Export
Imports are goods and services that one country buys from another country. Exports are goods and
services that one country sells to another country.
• Type of Trade
Domestic trade is the production, purchase, and sale of goods and services within a country.
World trade is the exchange of goods and services across international boundaries.
• International Trade
International trade is the activity of buying and selling goods and services in domestic or
international markets.
• The Global Economy
The global economy is the interconnected economies of the nations of the world.
• Balance of Trade
A balance of trade is the difference in value between a country’s imports and exports over a period
of time.
• Specialization
Countries have to pay for products and services with currency. Currency is another name for money.
1.2 GLOBAL COMPETITION
• Free Trade
Free trade occurs when there are few or no limits on trade between countries.
CHAPTER 2: THE ROLE OF GOVERNMENT IN OUR ECONOMY
Government as Regulator
Government as Provider
2.1 GOVERNMENT AS REGULATOR
Protecting Competition
A monopoly occurs when a company controls an industry or is the only one to offer a product or
service.
An oligopoly occurs when a small number of companies control an industry.
A trust is a group of companies that band together to form a monopoly and cut out competition.
• How the Government regulates Business
One of the most basic ways that governments protect business is by enforcing contracts.
• Protecting Creative Properties
Creative properties items such as inventions and art, can be protected with a copyright, a patent, or a
trademark.
2.2 GOVERNMENT AS PROVIDER
Providing Goods
Consuming Goods
Providing Supporting and Services
and Services
How Government Employment Business
How Government Is Allocates Resources
Funded
A tax is an amount of money people and businesses pay governments to help run the nation, state,
county, city, or town.
• How Government Allocates Resources
Governments allocate resources by deciding the best ways to spend tax revenues.
• Providing Employment
Government is also the largest provider of services in the country. government provides services to the
public as a whole for the good of society such as Highways, bridges, water treatment plants.
CHAPTER 3: MONEY AND FINANCIAL INSTITUTIONS
Lending
Money
The Functions of
Banks
Storing Money
The Purpose of M
oney
• The purpose of money
One of the main services banks provide is storing money in bank accounts such as Deposit,
Withdrawal, Checking account, Savings accounts, Interest.
• Lending money
Credit Unions
Commercial Banks
Credit unions are not-for-profit banks set up by organizations for their customers to use.
• Savings and loan associations
Commercial banks offer the entire range of banking services such as checking and savings accounts,
loans, and financial advice.
• The Federal Reserve system
The Federal Reserve is the banker’s bank. It monitors the money supply.
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