作者：mohamed mostafa 4 年以前
191
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.
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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
