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How does trade affect production and consumption in each country?
Wiki User
∙ 9y ago
Goods are produced to make money. If people want the goods and can afford them, they will purchase these goods and this will cause the producer to make more of these goods.
Wiki User
∙ 9y ago
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How would trading posts affect Crusoe's consumption-possibilities frontier?
Trading posts were used as a set place where people could go to trade goods and services.below or to the left of the production possibilities frontier20 trading postsAttainable
What factors affect the comparative advantage in trade?
biggest advantage of international trade shall be available to the participating countries only if trade is free and unfettered. It strongly affect prices, wages, employment and production in other countries.
Fair trade affect the producer?
because they have to grow them in there country they can get very ill
How does a recession in one country affect another?
International trade is affected by recession very much.
What situation would probably produce a trade deficit for a country?
If a natural disaster created scarcity of a raw material, it could decrease production. If this happens, the country could face a trade deficit and have to import the products.
How would trading posts affect Crusoe's consumption-possibilities frontier?
Trading posts were used as a set place where people could go to trade goods and services.below or to the left of the production possibilities frontier20 trading postsAttainable
What factors affect the comparative advantage in trade?
biggest advantage of international trade shall be available to the participating countries only if trade is free and unfettered. It strongly affect prices, wages, employment and production in other countries.
Fair trade affect the producer?
because they have to grow them in there country they can get very ill
What was the Production Budget for Trade?
The Production Budget for Trade was $12,000,000.
What has the author Olof Georg Jonasson written?
Olof Georg Jonasson has written: 'Atlas of the world commodities: production, trade, and consumption' -- subject(s): Commercial geography
What are goods carried out from countries are called?
Goods carried out from countries are called exports. These are products and commodities that are produced in one country and sold to another country for consumption or trade.
How did trade affect European navigation?
how did trade affect european navigation they affect because Asia affect
How does a recession in one country affect another?
International trade is affected by recession very much.
How does the location of the United Kingdom affect how the country trades?
It is near water which is the best place to trade by.
What situation would probably produce a trade deficit for a country?
If a natural disaster created scarcity of a raw material, it could decrease production. If this happens, the country could face a trade deficit and have to import the products.
What is the difference between Free trade and protectionism?
Free trade is when a country specializes in one or two areas of goods or service and allows a trade with other country or countries that specializes in different area while protectionism is when a country decides to restrict to its domestic production and stop trading with other countries.
How did the Phoenicians use resources?
For consumption and trade.
