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What is Trade?

What is trade?

  • Trade is an activity that involves the buying and selling of goods and services across international boundaries

Export & Import

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Specialisation

  • Occur when individual, firm or country concentrates production on one or a a few goods and services

Benefits from Trade

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*The diagrams / definitions in this website is extracted / Notes are summarized from "Economics for the IB Diploma, 2nd Edition" authored by Ellie Tragakes.

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This site is created in 2020, owned by Rex Hsu 徐唯耀. 

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