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Essay text:
3). Economists think and view things/topics in a different perspective. The economic perspective helps for developing effective solutions to price, demand and supply problems.
Johnson and Johnson is one largest healthcare firm in the world consisting of over 250 subsidiaries in 57 countries. The company was founded in 1886 with is first surgical dressing in New Brunswick, New Jersey. Since going public in 1944, the company’s worldwide sales have grown to $61.1 billion at year end 2007. 11% of the sales were due to consumers’ products segment which “makes over-the-counter drugs and product for skin and hair care, baby care, oral care, first aid, and women’s health...
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