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Higher prices on a global level

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What is international trade?

International trade is the exchange of goods and services between different countries.


Difference between international trade and local trade?

International trade is trade between people or businesses in different countries. Local trade is trade between businesses and individuals in the same local area.


What is a common result of trade barriers between countries?

Trade between countries led to exchange of ideas so that other countries will be inspired and a reliable relationship can be made.If there will be trade barriers then no country in the world would be able to give the best technology to the citizens of the country.


What caused trade to increase between Europe and other parts of the world in the?

There was no world trade in the time period you ask about. It won't be until the late 1500's that trade would result between countries.


What caused trade to increase between Europe and other parts of the world in the 1000s?

There was no world trade in the time period you ask about. It won't be until the late 1500's that trade would result between countries.


What cause trade to increase between Europe and other parts of the world in the S's?

There was no world trade in the time period you ask about. It won't be until the late 1500's that trade would result between countries.


What is the importance of international trade?

The importance of international trade is that it expands markets for various countries and provides resources to the others. This will promote interaction between different countries.


Foreign trade definition?

Foreign trade is defined as trades made between different countries. The trades can be goods, research, or services.


What is a trade carried between cities states or countries?

A trade carried between cities, states, or countries is referred to as interstate or international trade. This involves the exchange of goods and services across different geographic regions, often involving transportation and international trade regulations.


What types of barriers might prevent trade between countries?

what type of barriers might prevent trade between countries or continents


How has the European Union helped increase trade within Europe?

By removing trade barriers between the different countries and creating a free market.


What describes what happened when no tariffs are imposed on mutual imports and exports between different countries?

free trade