Essay On U.S. Balance Of Payments

Essay About International Tradeinternational Trade And Balance Of Payments
Pages • 2

International Trade Aspects INTERNATIONAL TRADEInternational trade is the exchange of goods and services between countries. It is made up of imports, exports and income flows.Differences between Domestic and International TradeInternational trade is different from domestic trade for the following reasons:It involves the use of different currencies[a][b]Customs formalities are involvedIt is trade across national bordersDifferent languages.

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