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BUSINESS ECONOMICS - Coggle Diagram

- - - - producers
      - Consumers
      - Product
    - - People or organizations with needs
  - - - signification
        
        Free Trade Area of the Americas
      - objective
        
        Preserve and strengthen democracy in the
        American continent
        
        Eradicate poverty and discrimination
        
        Promote economic and sustainable development
        
        Promote our economic growth
        
        Preserve the environment
    - - Spread all over the world
        
        Evolution of NYSE indices
        
        Closing prices of a barrel of oil in Europe
        Asia and America
        
        Latest fashion trends
    - - Law firm has several offices outside the
        country.
      - Each office or contacts is in a tax haven
      - The client's name is nowhere to be found
      - Client contacts his own country lawyers to
        manage your wealth
      - Jurisdiction has legal vehicles
      - Headquarters, law firm orders to build
        a company
      - The company already established is an entity
        independent of the client
      - Jurisdiction of special taxation
        
        Lower taxes are paid
        
        Pay little in taxes or not pay and not be
        haunted by it
    - - Possible ways
        
        Customs preference system
        
        Free trade zones
        
        Common Market
        
        Customs unions
      - The is
        
        Extension in the multinational scope
        
        Stepped Barrier Removal Program
        artificial
        
        Exchanges of goods and movements of
        productive factors
      - Total integration
        
        Benefits
        
        Changes in productivity
        
        Production improvements Changes in productivity
        
        Changes in competition and productive efficiency
        
        Increase in the level of employment and volume of
        production
        
        Effect
        
        The production
        
        In consumption
        
        In the terms of trade
        
        In administration services
        
        Diversion or traffic
  - - - Quantity of goods or services
    - - For
        
        To pay for the product or service
    - - Is the
        
        Relationship between price and quantity demanded
      - Is the
        
        Elasticity
        
        Is the
        
        Disminución o aumento del precio
    - - Is
        
        Price decreases, demand increases
        
        Price increases, demand decreases
  - - - Price goes down, demand goes up
    - - Consequence increases supplies
    - - Manufacturer covers the costs of the merchandise
        sold
    - - People will pay a little more for perceived value
      - High-quality products must be more expensive
      - It is necessary to include in the price, a budget for
        promotion
      - High-priced products should give prestige
      - Regarding the Price
        
        You have to stay in the game
      - High prices and profits attract
        competitors
      - Late competitors usually enter on the basis of
        price
      - It's hard to win at a low price
      - Not accustoming customers to buying by price
  - - - Elasticity
        
        Increase or decrease the offer