Professional Documents
Culture Documents
Question No 1: Identify Countries Where Business / Trade of Particular Things / Commodities Can Be Will Great Profit?
Question No 1: Identify Countries Where Business / Trade of Particular Things / Commodities Can Be Will Great Profit?
Question No 1: Identify Countries Where Business / Trade of Particular Things / Commodities Can Be Will Great Profit?
I think Hong Kong is that country in which we start a trade and gain a great profit because
GDP: $339 Billion as of December 2017
A Quick Glance
GDP Growth: 2%
Per-Capita GDP: $46,000
Population: 7.4M
Trade Balance/GDP: 4.6%
Unemployment: 2.7%
Inflation: 2.6%
Hong Kong’s economy has been growing steadily for the past few decades which is indicative of
the practical and economically sound business policies being enacted by the region. As a free
market economy, Hong Kong is highly dependent on international finance and trade.
It has a highly educated workforce and a brilliantly designed and constructed transport and
communication infrastructure. Hong Kong’s economy has been doing so well that it has even
established itself as the go-to stock market for Chinese companies that want to trade abroad.
On the other hand, because Hong Kong has limited natural resources, it imports almost
everything from food to raw materials. This might sound a bit discouraging to budding industry
titans, but remember that Hong Kong imposes no tariffs on imported goods save for four:
hydrocarbon oil, hard alcohol, methyl alcohol, and tobacco.
Question no 2: What are characteristics of generating more money
from trade?
1. Clarity: They know what they want and they have a hunger for it.
2. Patient: able to accept or tolerate delays, problems, or suffering without becoming
annoyed or anxious.
3. Start Small and Then Expand
4. Arrange Sufficient Capital
5. Understand the Markets
6. Understand the Securities to Trade
7. Select or Design a Suitable Trading Strategy
8. Understand and Practice Money Management