Differences in International Business Vs. Domestic Business
Area of Operation
Domestic: Within the Country
International: Whole World
Currancy
Domestic Business: Single Currency
International Business: Multiple Currencies
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Competition
Domestic: Markets need to be researched more in debth
International: More Dynamic competition
Quality of Standards
Domestic: Has low sandards
International: Has very high standards
Mobility of factors of production
Domestic: Free
International: Restricted
Greece Vs. United States
Currency: Greece uses Euros and the U.S. uses Dollars
Tax Rate: Greece has a tax rate between 22%-45%, U.S has a tax rate of 37%
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Unemployment Rate: Greece has an unemployment rate of 21.5%, U.S has an unemployment rate of 4.4%
Population: Greece has a population of 10,607,051 and the U.S has a population of 332,639,102
Language: Greece speaks Greek and the U.S speaks English