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Unit 3 Activity 2

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 Integration occurs when prices among different location or related goods follow similar patern over a long period of time. Groups of prices often moves proportionally to each other and when this relation is very clear among the different markets it is said the the markets are integrated. Thus market integration is an indicator that explain how much different market are related to each other. Market Integration The nineteenth century saw substantial advances in international market integration, and the creation of a truly world economy. Technological advance was critical in this. The railroad locomotive and the marine steam engine revolutionized world transport from the 1830s onwards. Steamships connected the world's ports to each other, and from the ports the railroads ran inland, creating a new and faster world transport network. Freight rates fell, and goods could be carried across the world to ever more distant markets and still be cheaper in those faraway places than the sam

Unit 3 Activity 1

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A multinational corporation or MNC is one that has business activity with in the two or more countries worldwide. These companies are being managed and have a main office branch in every country, but with the offices worldwide. Simply exporting goods to be sold abroad does not make a company a multinational. There is no way to lessen multinational corporation and there is no consequences but is and affect. it's always been a business that the goal is to earn money from the other country , but there is a consequence or it will Affect the local Industry in the country because of the multinational corporation been competed to other country. it benefits the the community in every nation. Multinational Corporation gets Involve in the results of   lacking development of the country, they transfer to host countries of technology they do not need, the use of capital intensive technology that reduces jobs, and the increase in psychological dependence on multinational corporation.it would