International trade represents the series of exchanges and commercial sales that countless countries exercise among themselves. To streamline this process and increase trade gains, there are a series of rules adopted by all countries with regard to world trade.
Import is the activity of buying products or services produced by other countries, while export is the term used to sell products or services to foreign countries.
When trading in a market, you reduce the risk that domestic trade issues may have in your company. The increase in turnover and revenue ensures that your company is more stable. The increase in <u>international business revenue improves its national economy</u>.
The comparative advantage is about free trade, countries with less effectiveness in production could also be positioned before the market. That is, explains how to establish a commercial relationship between two players, even if one of them has an absolute advantage over the other.
The trade balance measures the relationship between a country's imports and exports, and is part of the balance of payments (the sum total of economic transactions between a country and its trading partners around the world). Balance of Payments shows the result of a country's foreign transactions.
The correct answer is true
The ships that <span>carried cannons and attacked British shipping were called "privateers" and this was a way for a nation to both protect its shores and to gain extra revenue. </span>
<span>The US did more business with the Allies than with Germany because they were closer to the Allies in politics and in language.
America and Great Britain spoke English and had similar laws. They also had similar ancestry and Americans sympathized more with Britain and France.
Germany was also blocked off by a British blockade so trading with them would have been useless. Nothing would get through.</span>
Answer:
Shivaji realised that this was the right moment for escape and on August 19, he along with his son broke out hiding inside huge baskets of sweets. On moving out of the durbar instead of moving towards Maharashtra, the two moved towards Mathura.
