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Explain the most popular or successful type of industry

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!

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