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Unformatted text preview: country. International trade International trade indicates exchange of goods and services involving monetary transactions in the hard currency and the trade entails crossing the international border. There are two components of international trade Export Import Export Sending of demanded commodities to parties that are located in foreign countries. Import Receiving of a given demanded commodities from the parties that are located in foreign countries. Balance of trade Balance of trade is the subtraction of import trade from export trade. It could be either positive or negative. A country earn when the balance of trade is positive and the net return is also positive. The country losses when the balance of trade is negative....
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This note was uploaded on 04/23/2011 for the course GEO 101 taught by Professor Fkabir during the Spring '11 term at BRAC University.
- Spring '11