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International Trade Advantages and Disadvantages.

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Introduction to International Trade

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Movement of goods Easier to move goods without much restrictions Restricted due to complicated custom procedures and trade buyers like tariffs, quotas, or embargo Currency Same Different 4. Markets Limited market due to limit in population Broader markets 5. Language and Culture Barriers Speaks and practice same culture Communication challenges due to language and cultural barriers Sometimes, a country finds it cheaper to acquire imports than produce it.

The cost of production might be cheaper in other countries that may be due to their difference in climate, labor force or capital. The purchaser cannot pay the goods and services that they avail. The buyer rejects goods and services as different from the agreed upon specifications. Because of the trust given by a country to its buyer, it allows to take of possession of goods prior to payment. Submit Search. Home Explore.

International trade ppt

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Global trade rules

Trade between two or more countries is called foreign trade or international trade​. This involves the exchange of goods and services between. International trade is the exchange of capital, goods, and services across A MAJOR IMPACT ON THE INTERNATIONAL TRADE SYSTEM.

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Classifications of International Trade 04 3. Types of International Trade 05 4. Characteristics of International Trade 06 5. Role or Importance of International Trade 07 6. Benefits of International Trade 08 7.

Barriers to International Trade 09 8. Reasons for International Trade 10 9. Advantages of International Trade 12 Disadvantages of International Trade 13