Macro Essay Example | Topics and Well Written Essays - 750 words - 4

Macro - Essay Example The one who has the highest bid will get the product. In order to participate in the eBay online market, one must register on the site. Upon finishing the registration, one is now allowed to bid or buy the product right away. For buying the product, the user only has to click the Buy it Now button or the eBay Express. eBay makes sure that every item transacted is fully insured for the protection of the consumers’ rights. Another feature for ensuring a good deal in eBay is the Meet the Seller link where people can view the feedbacks from other members whom the seller had transacted with and also gives the opportunity for buyers to inquire about the product they are interested to. For people who want to earn additional income on items that are no longer in use. eBay is a perfect place for putting those items in auction. eBay allows people to sell all kinds of items in the internet making transactions easier and fun. eBay is another opportunity for earning additional income through buy and sell. An online market system like eBay reduces the costs of finding the right buyers for a certain product which is more efficient. Since the registration is free, sellers have the chance to put all their items that they wish to sell. For buyer and sellers, they can get cheaper items and sell them in higher prices for profits. eBay also has a taxing system wherein sales taxes are charge as required by the state. Additional tax revenues are also beneficial for the state economically. The World Trade Organization (WTO) is an international organization that deals with the rules of trade between nations in the global arena. It was formed in January 1, 1995 succeeding the General Agreement on Tariffs and Trade (GATT). Its current budget for 2008 is 128 million Swiss francs. Director-General Pascal Lamy currently heads the organization. The WTO has 153 members which account to