. Describe the effects of competition on business. What are the strategies companies can use to beat the competition? . Describe the positive and negative effects of globalization on businesses. . Explore the term business and its stakeholders? With an example describe the different stakeholders of Saudi Aramco Company. . What is brain drain phenomenon. How brain drain can affect the economy. . How does capitalism differ from communism and socialism economy? Give two examples of capitalist, socialist and communist economies. . Describe the economic system of Saudi Arabia and United States with its major economic indicators? . Explore the different business strategies with an example used by companies in reaching the global market. . Dene the comparative advantage and absolute advantage and their role in global business