Study

Econimics

  •   0%
  •  0     0     0

      Back   Restart
  • Selling goods and service which are produced in the home country to other countries
    export
  • Types of advantages Theory in international trade
    Adam Smith's Absolute Advantage Theory & Comparative advantage
  • something in excess. Here when resources exceed the need.
    surplus
  • where a country buys goods and services from another country
    import
  • reverse of surplus
    deficit
  • Trade between two or more countries
    International trade
    • Your experience on this site will be improved by allowing cookies.