30 Oct 2021
Problem 21
Page 574
Section SELF: CHECK QUESTIONS
Chapter 23: The International Trade and Capital Flows
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30 Oct 2021
Introduction
The exchange of products or services between individuals, or the sale and purchase of commodities and services with payment made by a purchaser to a seller, is a fundamental economic concept. Within an economy, commerce can take place between suppliers and users. Governments can use international trade to open up new markets that would otherwise be closed to them.
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