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Foreign commerce is vital because it enables countries to access a wider variety of goods and services, promoting economic growth and consumer choice. It fosters international trade relationships, which can lead to increased investment and collaboration among nations. Additionally, foreign commerce helps diversify economies, reducing dependence on domestic markets and enhancing resilience to economic fluctuations. Ultimately, it contributes to job creation and technological exchange, driving innovation and competitiveness.
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What is the most important part of commerce in a nation?
commerce
How commerce is important for economy?
Commerce is very important for economy and actually serves as the backbone. Commerce is the day to day trading activities in a region.
Why is foreign exchange generated by the tourist industry is important?
it is important because
How was mercantilism used by Great Britain?
Refers to European policies that aimed at guaranteeing prosperity by making the European country England as self-sufficient as possible by eliminating its dependence on foreign suppliers, damaging its foreign competitor's commerce.
What is the importance of foreign capital inflows to the namibian economy?
The importance of the foreign capital inflows to the Namibian economy is that the foreign exchange is used for both the imports and exports. The foreign capital inflows is therefore very important.
The states are prohibited by the united sates constitution from taxing which of these?
interstate commerce
What has the author Yukimasa Hattori written?
Yukimasa Hattori has written: 'The foreign commerce of Japan since the restoration' -- subject(s): Accessible book, Commerce 'The foreign commerce of Japan since the restoration, 1869-1900' -- subject(s): Accessible book, Commerce, Foreign trade, History, Foreign economic relations
What is part of US foreign policy?
interstate commerce
What does the US Commerce define as a direct foreign investment?
This question refers to the US Commerce Department. The Department defines foreign direct investments as a US company in which a foreign entity holds a voting share of more than 10%.
The mission for which cabinet department is to improve America's economic and business decisions at home and in foreign nations?
Commerce
What is the most important part of commerce in a nation?
commerce
What does the commerce clause gives Congress the power to do?
Regulate commerce between states, foreign nations, And Native American tribes.
What has the author W W Syrett written?
W. W. Syrett has written: 'Practice and finance of foreign trade' -- subject(s): Commerce, Foreign exchange 'Finance of oversea trade' -- subject(s): Accessible book, Commerce, Foreign exchange
How commerce is important for economy?
Commerce is very important for economy and actually serves as the backbone. Commerce is the day to day trading activities in a region.
What can congress do through it's commerce power?
regulate foreign trade
Which branch of government regulates foreign trade and interstate commerce?
The Legislative Branch has the power to regulate foreign trade and interstate commerce, as stated in the US Constitution Article 1, Section 8, Clause 3.
What two foreign trading partners made East Africa a center international commerce?
China and India were the two foreign trading partners that made East Africa a center of international commerce. sas 1110
