International Trades
What Is International Trade?
International trade is is basically about exchanging of goods and services between countries. This type of trade gives rise to a world economy, which where prices or supply and demand are affected from global events. Take Asia for an example, if the political changes that could result in an increase in the cost of labor. Therefore increasing the manufacturing cost for an American sneaker company like Nike based in Malaysia, in result a increase of price. If the labor cost is decrease, that would result you paying less for the shoe.
Trading globally will certainly gives consumers and countries an opportunity to show the goods and services that are not available in their own countries. Almost every type of product can be found on international trading from food to jewelry. However, not only goods are trade but also services, like tourism, banking, consulting and transportation. Product which is sold to the global market is called export and a product that is bought is called import.
Trading globally will certainly gives consumers and countries an opportunity to show the goods and services that are not available in their own countries. Almost every type of product can be found on international trading from food to jewelry. However, not only goods are trade but also services, like tourism, banking, consulting and transportation. Product which is sold to the global market is called export and a product that is bought is called import.
International Trade(Threats and Opportunities for Business)
Opportunities
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Threats
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International Trade(Benefits for Consumers)
Benefits for Consumers
SourceBusiness Notes"International Trade." What Is ? Definition and Meaning. N.p., n.d. Web. 11 Jan. 2013.
"International Trade." Wikipedia. Wikimedia Foundation, 01 July 2013. Web. 11 Jan. 2013. |