Unit 3- Market Reasons to trade internationally

HideShow resource information

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…

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all Business Plans resources »