Development Economics
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.
Geschreven voor
- Instelling
- New York University
- Vak
- Development Economics
Documentinformatie
- Geüpload op
- 25 mei 2023
- Aantal pagina's
- 367
- Geschreven in
- 2022/2023
- Type
- College aantekeningen
- Docent(en)
- Dr. tony brown
- Bevat
- Alle colleges
Onderwerpen
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absolute advantage
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balance of trade
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comparative advantage
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imports and exports