Describe the basic structure of a prototype real business cycle model?
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Secondary SchoolComputer science 13 points
Impact of development in information technology on international marketing
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Geekydude121 Virtuoso
International marketing is changing the minds of the people and the way of thinking and the increase in connectivity.
The world has now become more and more universal.
Due to the exchange of products people has learnt to use products from different countries and implementation of their technology.
The impact of media also helped in the promotion of the brands.
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Arslankincsem Genius
When it comes to marketing, then information technology plays an important role in this ground.
It is seen that international marketing keeps on changing the ways as well its work ethics for the customers.
The company can achieve this by going for better information technology via the websites as well as other sources of communication.
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Prototype real business cycle model symbolises the fluctuations of the economy.
It includes income, monetary inputs, investment, profits and other different variants available. That can result in the difference of the situations.
It is not essential that the changes in the available factors are real, it can be virtual also. It is one of the latest model, from the macroeconomics.
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