Tag: trade
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Types of trade
Types of trade Home trade Trade within a country This enables the buyer and seller to conduct sale without problems Wholesale trade Buying and selling (trade) in bulk This enables the wholesalers to buy in bulk and sell to retailers Retail trade Trade with the consumers Retailer buys in small quantities and…
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Trade
Trade Buying and selling of goods and services to make profit The exchange of goods or services with the use of money
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Trade unions role
Trade unions An organization of people who represent and protect the rights and interests of it members Trade unions demand: Higher wages Better working conditions If demands are not met they may take an industrial action (strike) Role of trade unions Protect the rights Negotiate with the management on behalf of the members (collective…
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What affects International trade?
Which things affect international trade Quotas Exchange rate Tariff barriers Impact of Quotas on international trade Quota limits the number of imported goods entering the country For example The government declares that only 10,000 bars of chocolate can be imported from a foreign country Quota discourages international trade Impact of Exchange rates on…
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What is International trade?
International trade International trade is the import and export of products with other countries Opportunities for businesses because of international trade The businessmen can sell their products to a larger number of people Imported raw materials available Provide greater variety thus increasing sales Problems for businesses because of international trade Duplication of products…