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Related Questions

Different countries often specialize in producing different goods What is a consequence of this?

The countries are more likely to trade with each other


Can countries trade with each other without a Free Trade Agreement?

Yes, Countries can trade with each other without free trade agreement.


Why do counties trade with each other?

Countries trade with each other because they don't have some of the natural resources that they want.


What has limited the trade of the Andean countries with each other and with other nations?

The sizes of the mountains make trade difficult.


What are some ways which caricom countries help each other?

They help trade


What is intra-regional and inter-regional trade?

Intra-regional trade refers to trade that occurs within a specific region or area, involving countries that are geographically close to each other. Inter-regional trade, on the other hand, involves trade between countries located in different regions or areas, often across continents or significant distances. Both types of trade contribute to economic growth and development by facilitating the exchange of goods, services, and resources between different countries.


What is it called when countries depend on each other?

This is known as interdependence, where countries rely on each other for various resources, trade, and cooperation in different aspects such as economics, politics, and security. Interdependence can help promote global stability and cooperation among nations.


Can you give five reasons why countries engage in international trade?

1. They each produce different crops and benefit from the trade of these. 2. They each produce different fruits and benefit from the trade of these. 3. They each produce different types of cars and benefit from the trade of these. 4. They each produce different styles of clothes and shoes and benefit from trading these. 5. They each produce different weaponse and perceive benefit from trading these.


How are certain trade industries different from each other?

gt6yg


When countries rely on each other to help produce and sell products?

Every single country relies on each other for trade.


In which industries do Italy and Germany compete with each other for trade with other countries?

They compete with each other in the farming industry due to arable land.


How do countries trade with each other?

They can trade over sea, in an airplane, by foot or on land...it just mainly depends on the country.