Hello steemians !!! Welcome to my new post about International Trade. On this occasion I wanted to talk a little about this subject since it is the object of study in my career, it was also one of the topics evaluated in the Economics II subject of this semester I studied. Hope you like
International trade is nothing more than the exchange of goods between different countries, that is, the activities of buying and selling goods and services. This is developed in two senses, the first linked those goods and services that domestic consumers buy from producers in other countries, (Imports) and the second linked those goods and services that domestic producers sell to consumers in other countries (Exports).
Making a comparison with previous years, this activity has evolved to be increasingly global and organized. Now, what are the causes that drive this activity?
Among the factors that generally promote international trade are:
Diversity of Resources: Referred to the production possibilities of a country, depending on its geographical location, climate, riches, etc ... Which are its own and characteristic of that country.
Difference of Taste: Related to the preference of countries towards specific goods, for which this is linked to the
custom and culture.
Cost of Production and Cost of Opportunities: This is because some nations make more sacrifices than others to produce a good, so sometimes a country prefers to import that good than produce it in its territory.
Globalization: That consists in the change towards a more global and independent economy.
Thank you very much for your attention!!!
Any comments or suggestions that I want to make I am open to your criticism
We keep growing!!!
