Discuss any three advantages of international business.

The 3 main advantages of international business are discussed below: 1. Employment: When an international business sets up its operations in a country it helps in increasing employment opportunities in the export-oriented industries. Hence it help in improving employment rate. 2. Growth of economy: Underdeveloped and developing countries many times can not utilize its natural resources. They can exploit their unutilised natural resources with the import of technical know how, machinery and equipments from the developed countries. This again ads a new revenue opportunity for both country and international business. Also it brings more employment opportuinities in such countries. 3. Optimum utilization of resources: When international business comes they bring latest technologies which leads to international division of labour and specialisation. It reduces wastage of resources resulting from the production of uneconomic goods. The resources are also used efficiently. read less

The advantages of international business are discussed below: Employment: International business helps in increasing employment opportunities in the export-oriented industries. Growth of economy: Underdeveloped and developing countries can exploit their unutilised natural resources with the import of technical know how, machinery and equipments from the developed countries. Optimum utilization of resources: International business leads to international division of labour and specialisation. It reduces wastage of resources resulting from the production of uneconomic goods. The resources are also used efficiently. read less

The advantages of international business are discussed below: i. Employment: International business helps in increasing employment opportunities in the export-oriented industries. ii. Growth of economy: Underdeveloped and developing countries can exploit their unutilized natural resources with the import of technical know-how, machinery, and equipment from the developed countries. iii. Optimum utilization of resources: International business leads to international division of labor and specialization. It reduces wastage of resources resulting from the production of uneconomic goods. The resources are also used efficiently. read less

The advantages of international business are discussed below: i. Employment: International business helps in increasing employment opportunities in the export-oriented industries. ii. Growth of economy: Underdeveloped and developing countries can exploit their unutilised natural resources with the import of technical know how, machinery and equipments from the developed countries. iii. Optimum utilization of resources: International business leads to international division of labour and specialisation. It reduces wastage of resources resulting from the production of uneconomic goods. The resources are also used efficiently. read less