Explore BrainMass
Share

Explain the most popular or successful type of industry

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Homework Help

Please answer the questions below, for two countries, Ecuador and North Korea.

Note that each question must be answered for both countries.

1. Explain the most popular or successful type of business operations or industry in each country. For example, what is this country known for, and what kind of product or service does it provide (e.g., tourism)?

2. Are most businesses privately owned or government controlled?

3. Explain what role the government of each country plays in business and how that would impact your business and operational practices.

4. Please provide the references you used.

Thank you!

© BrainMass Inc. brainmass.com October 25, 2018, 12:29 am ad1c9bdddf
https://brainmass.com/business/the-role-of-government-and-regulation/explain-the-most-popular-or-successful-type-of-industry-229706

Solution Preview

1. Explain the most popular or successful type of business operations or industry in each country. For example, what is this country known for, and what kind of product or service does it provide (e.g., tourism)?

Equador: The most important industry for equador is petroleum. Principal exports are petroleum, bananas, shrimp, flowers, and other primary agricultural products. In 2007, crude and refined petroleum products accounted for 58% of total export earnings. Ecuador is the world's largest exporter of bananas and plantains (about $1.3 billion) and a major exporter of shrimp ($613 million).

Reference: http://www.state.gov/r/pa/ei/bgn/35761.htm

The oil sector has privately owned as well as state owned businesses.

North Korea: Agriculture has been the traditional source of employment or business in the country. Being a communist country, ...

Solution Summary

Explain the most popular or successful type of business operations or industry in each country. For example, what is this country known for, and what kind of product or service does it provide (e.g., tourism)?

$2.19
See Also This Related BrainMass Solution

Industry qualified in a competitive market

1. Is the online book retail (e.g. Amazon.com) industry qualified as a perfectly competitive market by the four market characteristics listed in the lecture note? If not, what characteristic(s) is (are) not met?

2. There are so many companies having websites to sell their products. However, not every company is successful in online retail. In your opinion, what are the common characteristics of products which can be sold successfully in online retail? Please provide at least one example and explain your answer.

3. Microsoft has been a giant in the software industry. Can we define Microsoft as a monopoly? Please explain. In addition, whether the Learner Index works well to define the market power for Microsoft in the software industry? Explain your answer.

View Full Posting Details