Lecture notes
Development Economics
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367
Uploaded on
25-05-2023
Written in
2022/2023
International trade is the purchase and sale of goods and services by companies in different countries. Consumer goods, raw materials, food, and machinery all are bought and sold in the international marketplace. International trade allows countries to expand their markets and access goods and services that otherwise may not have been available domestically. As a result of international trade, the market is more competitive. This ultimately results in more competitive pricing and brings a cheaper product home to the consumer.
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Written for
- Institution
- New York University
- Module
- Development Economics
All documents for this subject (12)
Document information
- Uploaded on
- May 25, 2023
- Number of pages
- 367
- Written in
- 2022/2023
- Type
- Lecture notes
- Professor(s)
- Dr. tony brown
- Contains
- All classes
Subjects
-
absolute advantage
-
balance of trade
-
comparative advantage
-
imports and exports
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