Economics
Textbooks
Boundless Economics
International Trade
Introduction to International Trade
Economics Textbooks Boundless Economics International Trade Introduction to International Trade
Economics Textbooks Boundless Economics International Trade
Economics Textbooks Boundless Economics
Economics Textbooks
Economics
Concept Version 8
Created by Boundless

Reasons for Trade

International Trade

International Trade

Countries benefit from producing goods in which they have comparative advantage and trading them for goods in which other countries have the comparative advantage.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "CMA CGM Balzac."
    https://commons.wikimedia.org/wiki/File:CMA_CGM_Balzac.jpg Wikimedia CC BY-SA.

Related Terms

  • comparative advantage
  • Subjects
    • Accounting
    • Algebra
    • Art History
    • Biology
    • Business
    • Calculus
    • Chemistry
    • Communications
    • Economics
    • Finance
    • Management
    • Marketing
    • Microbiology
    • Physics
    • Physiology
    • Political Science
    • Psychology
    • Sociology
    • Statistics
    • U.S. History
    • World History
    • Writing

    Except where noted, content and user contributions on this site are licensed under CC BY-SA 4.0 with attribution required.