Unit 3- Market Reasons to trade internationally
- Created by: moustafamallah
- Created on: 23-04-14 10:32
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Trade Liberalisation: The removal of trade barriers
Tariffs:
Indirect taxes on imports
Quotas:
A physical limit on the quantity on imports
Advantages of removing the trade barriers:
-Internationa trade is less complicated
-Cheaper to trade internationally
-Domestic firms have greater access to international markets
-International trade is mmore profitable
-Encourages domestic firms to be more effcient
Trade Blocs: An agreement between…
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