Luokat: Kaikki - trade - currency

jonka mohamed mostafa 3 vuotta sitten

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The Global Economy

The global economy is influenced by various factors including trade policies, currency exchange, and national production capabilities. Trade barriers such as tariffs and quotas can impact the cost and availability of goods in domestic markets by either increasing prices or limiting supply.

The Global Economy

The Global Economy

Free Trade

free trade happens when there are not many or no restrictions on exchange between nations.
Financial or international strategy regularly figures out which nations exchange with one another.

Currency

Countries must change their currency if they want to exchange worldwide with other countries in bussneuis.
Countries have to pay for products and services with currency.

Trade barriers

Embargo
prohibition on the import or fare of an item.
Quota
limit set on the amounts of an item that can be imported.
Tariff
tax put on imports to build their cost in the homegrown market.

Balance of Trade

Comparative advantage
ability of a country to produce a particular good more efficiently than another country.
trade deficit
When a country imports more than it exports
Trade surplus
When a country exports more than it imports

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