International competiton

  • Created by: Jordan626
  • Created on: 16-05-15 11:19
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  • International Trade
    • Benefits of international trade
      • Increased Emlployment
      • Import of new ideas and technology
      • Increased Growth through comparative advantage
      • Increased competition
        • Leads to lower prices, high quality products and Increased efficiently
    • Drawbacks of International competition
      • More competition due o the access of larger markets
      • May result in diseconomies of scale
      • may have little knowledge of Foreign Markets
      • May not be able to keep up with demand
      • Other firms may takeover the firm as a result of high profitability


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