0
What determines which goods a country should produce or export?
Wiki User
∙ 13y ago
1.historical links / relations with acertain target countries
Wiki User
∙ 11y ago
Wiki User
∙ 13y agoIt is all based on demand. If there is a demand for shoes in a country, you should produce shoes. If you can make more profit by selling your shoes to other countries, you should export them.
Add your answer:
Earn +20 pts
According to 17th and 18th century mercantilism a country should export in return for?
goods and products, gold and silver
Who believed that a country should export more goods than it imports and possess an abundance of precious metals?
woodrow wilson
How can you export?
Export is an easy process. Firstly you should have full command-knowledge over the commodity you want to export. then you should have best items with competitive price in hand.
What does a production possibilities curve how?
production possibilities curve is a graphical representation of alternative combinations of amounts of two goods/services that economy can produce by transferring resources from one good/service to the other.
Mercantilists stated that a country's wealth and strength came from the ability to?
A country's wealth and strength depended on the ability to balance its trade. According to the mercantilists, trade shoud be controlled by the government , a balance should be maintained so that a country would export more goods than import from other countries. A country should exploit national resources - from home or colonial territories. They considered gold -or bullion was considered as all-important in a balanced economy.
According to 17th and 18th century mercantilism a country should export in return for?
goods and products, gold and silver
What factors should be kept in mind while drafting a market report relating to export and import of a particular country?
nothing
Who believed that a country should export more goods than it imports and possess an abundance of precious metals?
woodrow wilson
What to do to get an export license after getting import export code?
Import export code is export licence. After getting import export code (IE CODE) you should become a member in export promotion council for your product. For example, if you want to export spices, you should become a member in Spices Board.
Distinguish export sales contract and domestic sales contract?
The main difference between export sales contract and domestic sales contract is: 1. Relating to currency issues (both the country have different currency) 2. The second one is law related to export and import dispute (if any dipute arises between two country whose coutry law should be applicable to solve the dispute).
What concept states that a country should export more than they import?
It is imperative to a country's economy that they should be exporting more than they import. This is to ensure that the country has a sufficient income, and is not spending more than they can afford.
How can you export?
Export is an easy process. Firstly you should have full command-knowledge over the commodity you want to export. then you should have best items with competitive price in hand.
How do you export in Adobe after effects CS4?
it should be in file->export->(whatever video format)
Why should Australian business export?
because they can
What are the characteristic of a centrally planned economy?
A centrally planned economy usually has one central body (government agency) that determines the products that should be produced and how they should be sold. In a centrally planned economy, the forces of demand and supply will play a very small role in pricing or export and imports.
How a mixed market economic system who determines what product should be produce and how they should be produce?
In general the mixed economy is characterized by the private ownership of the means of production, the dominance of markets for economic coordination, with profit-seeking enterprise and the accumulation of capital remaining the fundamental driving force behind economic activity.
What does Columbia produce?
According to the US Government, Columbia's exports petroleum, coffee, coal, nickel, emeralds, apparel, bananas, and cut flowers. According to thefreedicionary.com, oil replaced coffee as the nation's leading legal export in 1991. Cocaine is the major illicit export, accounting for about 25% of foreign exchange earnings. However, I must be point out that cocaine does not generate income for the government (taxes are not collected to support education, infrastructure, or health care, etc.) or the general population since the majority of the income is kept in the hands of the people controlling the industry, so therefor it's commerce that doesn't benefit the country.
