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When considering any business, there is one thing you simply must know. No matter if you are to be an owner, developer, investor or even a senior executive. Taking the leap without this knowledge has seen the inevitable failure of countless endeavors. It also destroys the fortunes of well-known Entrepreneurs. Let’s see how this happens.
A Brief History In 1994 Jeff Bezos left Wall Street and set about building the business we all now know as Amazon.He launched the initial website the following year. At that time sales via the Internet were still a new concept to most and Jeff searched for a market he could seriously disrupt, and which the public would accept as an Online concept.
Without getting too deeply into international economics, it is obvious that the international standing, wealth, and international competitiveness of a country is affected by the balance between how much income it pulls in by Exporting products and Services compared to how much of its wealth flows out as a result of Importing goods and services from other Nations.