The larger a machine and the more numerous its parts, the greater likelihood of a breakdown and the more expensive to repair. What has been said about market forces and management was necessarily oversimplified. The economies of modern industrial nations are large and very complex. To be sure, there is management, and there are market forces at work, but there are also many other factors that help or hinder economic function.
In modern industrial societies’ governments play a large role. There is a great amount of regulation, most of it meant for the protection of the public. All regulations affect the way businesses operate, often increasing their costs and reducing their profits. Lower profits, in turn, reduce the amount of money which is known as working capital that a company can use for expansion. Auto emission standards, for instance, have had a significant impact on the manufacture and pricing of automobil
A. it is harmful for a government to interfere with economic matters
B. state policies tend to lower profits and discourage investment
C. regulation may affect business operation by increasing the cost
D. most regulations are not meant for the protection of the public
The larger a machine and the more numerous its parts, the greater likelihood of a breakdown and the more expensive to repair. What has been said about market forces and management was necessarily oversimplified. The economies of modern industrial nations are large and very complex. To be sure, there is management, and there are market forces at work, but there are also many other factors that help or hinder economic function.
In modern industrial societies’ governments play a large role. There is a great amount of regulation, most of it meant for the protection of the public. All regulations affect the way businesses operate, often increasing their costs and reducing their profits. Lower profits, in turn, reduce the amount of money which is known as working capital that a company can use for expansion. Auto emission standards, for instance, have had a significant impact on the manufacture and pricing of automobil
A. to review the factors that affect economic operation
B. to explore the causes of periodic economic decline
C. to discuss the role governments play in modern industrialized
D. to propose remedies for correcting economic recessions
| More than any other industry, the
luxury-goods business needs people to feel good about spending money. So at a
recent conference in Moscow, Bernard Arnault, the head of Moet Hennessy Louis
Vuitton (LVMH), the world’s biggest luxury-goods group, went to great lengths to
dismiss investors’ fears about the impact on the industry of America’s credit
crisis, a possible recession and the weak dollar. Indeed, Mr. Arnault said he
expects the industry’s sales almost to double in the next five years, thanks to
strong demand from emerging markets and the creation of new wealth across the
globe. After a depressing period at the beginning of the decade when the terrorist attacks in America, the outbreak of SARS and the war in Iraq reduced international travel and people’s appetite for frivolous things, the industry has had three excellent years A. Newly developed markets such as Asia. B. Markets with customers being merely affluent. C. Markets in developing countries. D. New market in European and American countries. 我来回答: 提交
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