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Environment of International Business and its Significance

Akram Abdulraqeb Sultan Al-Khaled

International Journal of Academic Research in Business and Social Sciences, 2017, vol. 7, issue 3, 310-316

Abstract: The simple observation that a market exchange process frequently generates significant transactions costs for the participants is not of itself, however, decisive in determining the form of alternative arrangement that would provide the most effective substitute to the price mechanism. Historians are only too aware that, in practice, a wide variety of institutional arrangements have been adopted by different societies in order to organize their economic activities.

Keywords: Environment (search for similar items in EconPapers)
Date: 2017
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