MANAGEMENT

Detailed explanation-1: -Purchasing power parity (PPP) allows for economists to compare economic productivity and standards of living between countries.

Detailed explanation-2: -Which aspect of global trade examines the relationship between a country’s exports and imports and is usually expressed as a surplus or deficit? Balance of trade.

Detailed explanation-3: -Nations, specializing in the production of goods in which they have a comparative advantage, leads to increased output globally. So, comparative advantage is the fundamental reason for trade among nations.

Detailed explanation-4: -If the warehouse and the retail trade have a material group in different variations, this is referred to as a deep assortment. The best examples of this are a bakery or a fish shop. The many kinds of bread or fish make the mixture a deep offer.