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What is the relationship between a nation's imports and exports, and how does it impact the economy?
The relationship between a nation's imports and exports is known as its balance of trade. When a country exports more goods and services than it imports, it has a trade surplus. This can lead to economic growth, job creation, and a stronger currency. Conversely, a trade deficit, where a country imports more than it exports, can lead to a weaker currency, inflation, and potential job losses. Overall, a balanced trade relationship is important for a healthy economy.
What is the economic term that describes international trade that is not controlled or affected by an legal restrictions?
Free trade is international trade that is not controlled or affected by any legal restrictions.
What is the economic term that describes international trade that is not controlled or affected by any legal restrictions?
Free trade is international trade that is not controlled or affected by any legal restrictions.
Is Spain's economy developing or developed?
Spain has a developed economy and is part of the EU. As a nation with a storied and well developed "national personality" Spain has extensive trade world wide, but mostly within Europe. Spain has mineral resources and exports a large volume of wine, olives and olive oil. Spain also has a well developed tourist trade and the Olympics held in Barcelona, gave Spain allot of attention.
Internal vs external trade?
internal trade- trade which is done within the boundaries of a nation or a country is internal trade external trade-trade which is done with other countries or nation is external trade by divya kalra
What nation controlled little of the trade that was allowed in China?
England
What nation controlled most of the trade during the Manchu dynasty?
gr8 brit
For the little trade that was allowed in china which nation controlled most of this trading for china?
Great Britain
What makes the US a developed nation?
Developed countries are countries with more developed technologies and economy. Since the United States fits this description, it is a developed country.
What nation controlled most of the little trade that was allowed?
What time period, and what continent(s) are you referring to???
What nation controlled most of little trade that was allowed?
What time period, and what continent(s) are you referring to???
What is the relationship between a nation's imports and exports, and how does it impact the economy?
The relationship between a nation's imports and exports is known as its balance of trade. When a country exports more goods and services than it imports, it has a trade surplus. This can lead to economic growth, job creation, and a stronger currency. Conversely, a trade deficit, where a country imports more than it exports, can lead to a weaker currency, inflation, and potential job losses. Overall, a balanced trade relationship is important for a healthy economy.
What relationship exists between two countries engaged in trade?
Usually, trade between two countries does not involve ownership interest in the other nation's business firm.
Which nation had the strongest trade relationship with the US during World War 1?
Britain and France (APEX)
How did the rulers of Ghana control trade?
They controlled the trade in Ghana to retain their power
What is trade regulation?
Trade regulation is when trade is controlled by a foreign party. Such as Britain controlled (regulated) whom the colonies traded with and what they were paid.
This Nation dominated slave trade?
The British were the dominant nation of the slave trade.
