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Countries develop their terms of trade through a variety of factors, including the prices of their exports relative to imports, the competitiveness of their industries, and global market conditions. Improvements in technology, resource management, and trade agreements can enhance a country's export capacity, thereby strengthening its terms of trade. Additionally, economic policies and investment in human capital can lead to higher productivity and better quality goods, further impacting trade dynamics. Ultimately, favorable terms of trade can contribute to economic growth and development.
What else can I help you with?
Which term refers to a complete prohibition of trade on all goods and services with a particular country?
An embargo is a complete official prohibition of trade with a particular country.
What term refers to the situation that results when a country imports more goods than it exports?
trade deficit
How can develop country help less develop country?
hahahahahaha
What is balance of trade?
Balance of trade is the relationship between a country's exports and imports. There is a trade surplus when a country's exports exceed its imports, and there is a trade deficit when a country's imports exceed its exports.
Mention differences between internal trade and international trade?
internal trade is business within the country while international country is business outside the country
Importance of foreign exchange?
it is a important trade which in turn develop the country for better life style in the country .
Which term refers to a complete prohibition of trade on all goods and services with a particular country?
An embargo is a complete official prohibition of trade with a particular country.
How does trade affect development?
Trade helps give countries what they cannot produce on their own. Medications for example are one thing that is traded that helps a country to develop.
What term means exchanging resources with other countries for the benefit of both country?
the answer is trade
Who told Champlain to develop the fur trade?
The King of France told Champlain to develop the fur trade.
Who told Champlain to develop fur trade?
The King of France told Champlain to develop the fur trade.
How can you develop my country?
I can not develop your country, the development of your country is up to you and your countrymen/women.
What term refers to the situation that results when a country imports more goods than it exports?
trade deficit
How can develop country help less develop country?
hahahahahaha
How did gold trade help empiressuch as Ghana and Rome develop?
Gold trade did not help the Roman Empire to develop.
What are the ways a country can develop?
kind of impossible but this is what i would do i would sign a petition and use 2 countries petitions take it to their ruler then maybe it will get vetoed or you will get your own country. I was just kidding but now lets be serious. to develop a country at first you need to develop economic condition of that country by keeping good trade relations with other countries then you need to develop the infrastructures of your country.After that you need to improve and encourage tourism industry of your country which in fact will aid in economic development.
The banning of trade with a country?
banning of a trade with a country
