Countries need to trade because they do not have all of the resources they need to survive. Countries also gain by trading what they have in surplus.
they get certain items or things that the other countries offer for something they have
What do the caricom countries trade and why do they trade?
trade is serious, it's about reaching a win-win situation, it is not like a game or something, maybe there will be some countries get more benefits, but both will get better off than they don't trade at all.
Why do countries sometimes erect trade barriers
Countries need to trade because they do not have all of the resources they need to survive. Countries also gain by trading what they have in surplus.
they get certain items or things that the other countries offer for something they have
Answer this question… The United States worked to open both countries to foreign trade.
Although it doesn't make sense since they're both EU countries... They trade in some parts they trade with other countries, like US or SA ... And so when they get those things they trade with other parts of EU. In other words, they gain new things other parts don't have. So they pretty much trade.
European countries explored North America to find a sea route to Asia for trade, to spread Christianity to indigenous populations, and to establish colonies for economic and territorial gains.
the advantage is that when you specialize you can trade with other countries and get the product they specialize in the disadvantage is when you want to trade with someone to gain there product you end up losing more or another disadvantage is you might accedently trade with someone that has the same product as you
What do the caricom countries trade and why do they trade?
To gain support from other countries for a policy of equal opportunity for trade with China
Distinguish detween static and dynamic gain from trade?
trade is serious, it's about reaching a win-win situation, it is not like a game or something, maybe there will be some countries get more benefits, but both will get better off than they don't trade at all.
Countries trade a variety of goods, such as raw materials, manufactured products, services, and sometimes intellectual property. This trade helps countries access resources they lack and boosts their economies by creating employment opportunities and generating revenue. Additionally, trade fosters cooperation and mutual benefits between nations.
Romania has trade relations with the majority of the countries in the world.