ECONOMICS
BARRIERS TO TRADE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Russia
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United Kingdom
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Germany
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Spain
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Detailed explanation-1: -Russia has one of the world’s largest economies and an important domestic market. The country’s economic potential attracts foreign investors who want to open a business here.
Detailed explanation-2: -The low availability of financial resources for new and growing companies is one of the most acute problems facing Russian businesses. Access to finance for new companies is difficult because of high interest rates on loans.
Detailed explanation-3: -It can be difficult to obtain real estate; administrative processes can be lengthy; and expenses are high, the same can be said for import taxes. Common business tactics are unenforceable and negotiations often occur in place of contracts.
Detailed explanation-4: -Starting a business. Construction permits. Registering property. Getting electricity. Punctuality. Undeveloped infrastructure. Intellectual property rights. Government transparency. More items