Definition Why do countries trade Patterns of trade Advantages/ Disadvantages Theories Trade protectionism LDC trade vs MDC trade Diagrams Trade is the exchange of goods and services between two or more parties. Free Trade is when there are no artificial barriers set, by governments in order to restrict the flow of goods and services between trading nations. Free movement ofgoods and services between different countries. Is Trade that satisfies certain criteria on the supply chain of the goods involved, usually in the form of fair payments for producers often with regards to other social and environmental factors. It promotes good standards for international labour and gives workers a sense of economic self-sufficiency through fair wages and good employment opportunities to the economically disadvantaged populations. Government actions and policies that restrict or restrain international trade, often done with the intent of protecting local businesses and jobs from foreign competition. Typical methods of protectionism are import tari ffs, quotas, subsidies or tax cuts to local businesses and direct state intervention. Are policies, such as tariffs quotas and tax cuts, that are put in place in order to protect domestic producers from international competition by redirecting instead of creating trade flow.
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Trade is the exchange of goods and services between two or more parties.
Free Trade is when there are no artificial barriers set, by governments in
order to restrict the flow of goods and services between trading nations. Free movement of
goods and services between different countries.
Is Trade that satisfies certain criteria on the supply chain of the goods
involved, usually in the form of fair payments for producers often with regards to other
social and environmental factors. It promotes good standards for international labour and
gives workers a sense of economic self-sufficiency through fair wages and good employment
opportunities to the economically disadvantaged populations.
Government actions and policies that restrict or restrain international trade,
often done with the intent of protecting local businesses and jobs from foreign competition. Typicalmethods of protectionism are import tariffs, quotas, subsidies or tax cuts to local businesses and
direct state intervention.
Are policies, such as tariffs quotas and tax cuts, that are put in place in order to
protect domestic producers from international competition by redirecting instead of creating trade