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Exploring World Markets

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High level of mechanization. Purchase more luxury items. Greater ... Primitive farming practices and little mechanization. Poor market access for products ... – PowerPoint PPT presentation

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Title: Exploring World Markets


1
Exploring World Markets
  • AGSC 101
  • Ms. Bailes
  • Fall 2002

2
Today We Will...
  • Explain how geography and climate may impact
    markets
  • Identify factors that determine the type of
    market existing in a country
  • Describe the primary differences between
    developed and developing countries
  • Explain the difference between open and closed
    market systems
  • Demonstrate the principles of supply and demand

3
Geography and Climate
  • United States - EVERYTHING!!!
  • South America - cassava, beans, corn, coffee, and
    potatoes
  • Asia - rice, tea, and cattle
  • Australia and New Zealand - wheat, beef, mutton,
    and dairy products
  • Africa - corn, sorghum, cassava, and sweet
    potatoes
  • Europe - potatoes, hogs, cereal grains, and dairy
    products

4
Market Stages
  • Developed Countries
  • Mature economy
  • Advanced food systems
  • High level of mechanization
  • Purchase more luxury items
  • Greater amount of meat in their diet
  • Adequate health care, public works, and
    infrastructure
  • Examples - U.S., Canada, Japan, Australia,
    Russia, U.K., France

5
Market Stages
  • Developing Countries
  • Per capita income under 3,000 per year
  • Insufficient industrial base, infrastructure,
    educational resources, and health care
  • Subsistence agriculture
  • Primitive farming practices and little
    mechanization
  • Poor market access for products
  • Examples - Mexico, Argentina, Thailand, Taiwan,
    Indonesia

6
Market Types
  • Open
  • Free, competitive market
  • Driven by supply and demand
  • Closed

7
Market Types
  • Closed

8
Government Types
  • Democracy
  • Citizens determine their own destiny by electing
    government officials who make laws
  • Citizens are able to make their own choices
  • Examples - United States, Mexico, Canada, England

9
Government Types
  • Non-Democracy
  • Government makes decisions in regards to most
    every facet of daily life and allocates resources
  • Centrally Planned Economies
  • Socialist and Communist Governments
  • Examples - China, Cuba, Vietnam, Former USSR
  • Emerging Democracies
  • Former Socialist and Communist Governments
  • Examples - Russia, Hungary, Czech Republic

10
Supply and Demand
  • Supply - amount of goods available
  • Demand - willingness of a consumer to buy
    something

11
Supply and Demand
  • The more there is of something, the cheaper it
    will be.
  • The less there is of something, the more
    expensive it will be.
  • The more you want something, the more youll pay
    for it.
  • If there is more of something than you want or
    need, you wont buy it as readily and the cost
    will decrease.
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