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  • International Trade & Economic Growth

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    zee
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    International trade involves the exchange of goods and services between countries. It is based on the principles of division of labor and comparative advantage. The degree of trade, not just the type of goods, is important. International trade has both advantages like making use of resources and access to a wider range of goods, and disadvantages such as exploitation of resources and potential negative effects on domestic industries.

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    International trade involves the exchange of goods and services between countries. It is based on the principles of division of labor and comparative advantage. The degree of trade, not just the type of goods, is important. International trade has both advantages like making use of resources and access to a wider range of goods, and disadvantages such as exploitation of resources and potential negative effects on domestic industries.

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    Отметить как неприемлемый контент
    208 просмотров9 страниц

    International Trade & Economic Growth

    Загружено:

    zee
    International trade involves the exchange of goods and services between countries. It is based on the principles of division of labor and comparative advantage. The degree of trade, not just the type of goods, is important. International trade has both advantages like making use of resources and access to a wider range of goods, and disadvantages such as exploitation of resources and potential negative effects on domestic industries.

    Авторское право:

    Attribution Non-Commercial (BY-NC)
    Скачайте в формате PPTX, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 9

    International trade

    • Presented TO: Sir Khurram Shahzad


    •
    • Presented By: B8
    •
    • Informatics
    International Trade
    • The exchange of goods and services
    between two or more countries or
    the companies & persons of
    different countries.
    •
    • Degree is important rather then the
    kind between home & international
    trade.

    Theory of International
    Trade
    • The division of labor & specialization.
    • Comparative advantage is base of
    international trade.
    • Cheapest commodities are
    demanded by people.
    • Persons trades live in different
    countries.
    •
    Important Points
    • Mobility of labor and capital.

    • Barriers of international trade.


    •
    • Currency difference.
    •
    Advantages of International
    Trade
    • Economy used in productive
    resources.
     specialized goods are produced.
    • Wider range of commodities.
     Every economy or market is
    accessible and can be utilized for the
    cost purposes.
    • Scarcity of commodities.
     commodities can be imported from
    other countries to overcome the
    •
    •
    • Promotes competition.
     Prices remains reasonable due to
    competition in international trade.
    • Speedy industrialization.
     Machinery & other capital
    equipment can be easily acquired.

    • Extension of means of transport.


     Communication and transport
    means are extended in the country
    involved in international trade.
    • Fall of Prices.
     Prices remain reasonable due to
    exports of surplus commodities

    •
    Disadvantages of International
    Trade
    • Exploitation of resources.
     Resources are exploited by MNCs
    and international tycoons.
    • Effect on domestic industries.
     May have negative impact on
    domestic industry
    • Effect on consumption habits.
     The harmful & injurious commodities
    are imported for profits.

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