Name Instructor Course Date Economic Thinking and Behaviour In economic decisions the process of globalization has emerged to create extreme competition that respective governments are finding hard to control. The small enterprises in withstanding the market competition. Work Cited Maksim Tcvetkov Tcvetkova Irina and Chkalova Olga. "Transaction Costs under Globalization: The Example of Russian Economy." European Research Studies 18.2 (2015): 107. [...]
This week we are discussing economic thinking and behavior. Economies around the world are becoming increasingly globalized. How does this globalization affect the choices you face in your economic decisions? Do the effects change if you think of yourself as a consumer or as a producer? Use the economic principles from this module to discuss whether consumers and producers are hurt or helped by this globalization?