1. In case of absolute advantage, there is only a single country showing the capacity and capability to produce a specific type of product. In case of a comparative advantage, there is specialization shown by a specific country in the offering of low prices to customers as well as in the offering of convenience or convenient supply of a particular product. There is absolute advantage shown by the countries of the Middle East in production of oil. There is comparative advantage shown by France because of the ways in which there are expertized working professionals as well as offering of low prices of agricultural products with convenient supply of agricultural products to customers. 2. In case of occurrence of devaluation, there is decreasing of the particular currency’s value. This currency will belong to some particular nation. This decrease takes place and can be identified when there is comparison with the currencies of other nations. There has been revaluation of the currency of Switzerland. There had been enhancement of the exporting costs for the country. There had been availability of offering high percentages of discounts to customers for purchasing of Swiss goods. 3. International business can be influenced by the economic development of a country by identifying specific countries being able to supply specific products and/or services conveniently and other countries not so conveniently. The diversity in the offerings of different nations can also be identified by the economic development. The infrastructure of the nation can also be identified by the economic development. There can be underdeveloped countries with which other developed and developing countries might face difficulties to do business because of lack of scope of underdeveloped countries purchasing products of luxury and comfort for their citizens. 4. International business is affected by political issues by not letting businesses run smoothly for presence of hostile working environments. International trading can be impossible to be conducted with countries already threatened with internal and external terrorism. There can be political power getting transferred from one individual to another. This kind of transfer of political power can lead to development of hostile environments for international business. In such a situation, foreign investment cannot be made.