The Reasons for International Trade (Grade 12 NSC Matric Economics): Flashcards
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International trade definition
International trade definition
Countries exchanging goods & services across borders
Number of demand-side factors for trade
Number of demand-side factors for trade
Five
Population growth effect on trade
Population growth effect on trade
Increases demand, necessitating imports
Number of supply-side factors for trade
Number of supply-side factors for trade
Six
Natural resources distribution globally
Natural resources distribution globally
Unevenly distributed across the globe
Country with climate advantage for coffee
Country with climate advantage for coffee
Brazil
Memory aid for 6 supply reasons
Memory aid for 6 supply reasons
Rich Countries Like To Send Chocolate
Specialisation effect in trade
Specialisation effect in trade
Increases efficiency via comparative advantages
Balance of payments definition
Balance of payments definition
Record of all transactions between a country & others
Balance of payments surplus
Balance of payments surplus
Money in exceeds out; exports exceed imports