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How does fair trade help sustainable development?
fair trade helps sustainable development by giving the poor people much more money
What was the favorable balance of trade?
A favorable balance of trade occurs when a country exports more goods and services than it imports, resulting in a trade surplus. This situation is often seen as beneficial for the economy, as it can lead to increased national income, job creation, and stronger currency value. A favorable balance can also enhance a country's economic influence and provide resources for investment and development. However, it may also lead to trade tensions with other nations that could experience trade deficits.
How did economic growth and trade interact with each other?
Economic growth and trade are interconnected as trade can stimulate economic growth by increasing market access and promoting specialization. In turn, economic growth can lead to increased trade opportunities by creating a larger market for goods and services. This symbiotic relationship can drive overall prosperity and development in a country.
What is the Relationship between international trade and economic development?
International trade includes export and import. Export strengthens the economy while import weakens the economy. Economic development relies on foreign and domestic trade. A strong export will bolster the economic development.
What role does trade play on the development?
Trade plays a crucial role in development by facilitating access to markets, resources, and technology, which can drive economic growth and improve living standards. It encourages specialization and efficiency, allowing countries to focus on their comparative advantages. Additionally, trade can stimulate investment, create jobs, and foster innovation, contributing to a more dynamic and resilient economy. Ultimately, it enhances global integration and cooperation, which can lead to shared prosperity.
What is geographic isolation and what can it lead to?
development of trade
What did the development of farming lead to?
The development of farming led to the growth of permanent settlements, surplus food production, and the rise of complex societies. It also contributed to the specialization of labor, the development of trade networks, and advancements in technology and culture.
What was the wealth that enabled Italian city states to lead in the development of renaissance arts?
Their participation in trade between Europe and the East
How did trade in the Roman Republic lead to the development of the merchant class?
It helped each roman get what they want and need and socialize with one and other.
How did the development of canals and roads lead to expansion of trade in the US?
it made trading faster because it provided a fast route between cities.
When was Taiwan External Trade Development Council created?
Taiwan External Trade Development Council was created in 1970.
What is the History of trade union development in Trinidad?
trade union
What is the relationship between the development of trade and the development of technology?
The development of trade and technology are mutually reinforcing; advancements in technology often facilitate trade by improving transportation, communication, and production efficiency, while the growth of trade stimulates technological innovation through increased demand for goods and services. For example, the invention of the steam engine revolutionized shipping and rail transport, enabling faster and more efficient trade routes. Conversely, the expansion of trade networks can lead to the sharing of ideas and techniques across cultures, fostering further technological progress. Together, they drive economic growth and societal change.
Can joint inflammation lead to the development of a fever?
Yes, joint inflammation can lead to the development of a fever.
How did the growth of cities and towns in the colonies lead to the development of an free-market econonmy?
Meeting needs through trade allowed free-market economies to develop in these towns.
What was tMali's development of trade?
anything
English involvement in the slave trade was stimulated by the development of plantations in?
English involvement in the slave trade was stimulated by the development of plantations in Jamaica.
