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.
When the Germany saw that they lost WWI they where furious. They had to pay millions of dollars for reconstruction for the damages they did. So they wanted to get revenge for what happened to them. As Adolf Hitler grew in power he was not so happy with the treaty they did which was the treaty of Versailles that the German`s had made. That`s when Hitler gained mad power and wanted to rule all Europe and move on to the rest of the world but would fail.
Overpopulation occurred during the First Industrial Revolution, but with the improvement of working conditions in the late 1800s, shortening working hours, the situation improved somewhat and the middle class emerged. This was achieved by many strikes by trade unions and workers. The middle class were skilled workers, officers, accountants and others. Because of better conditions and salary increases, they could meet basic living needs, and save money for other things. So they slowly began to move out of urban areas near unhygienic city neighborhoods. Unlike them, unskilled workers remained in unhygienic urban neighborhoods and lived in city tenements.
Answer:
First, the proposal by congress (by two-thirds votes of both houses) or proposal from a convention called by two-thirds of the states is passed. The proposal is then sent to the state legislatures.
