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
- Benefits of international trade
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