International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. It seeks to explain the patterns and consequences of transactions and interactions between the inhabitants of different countries, including trade, investment and migration as follows:
International trade is the exchange of capital, goods, and services across borders or territories, which could involve the activities of the government and individual. It study goods and services flows across boundaries from supply and demand factors, economic integration, movements, and policy variables such as tariff rates and trade quotas.
Showing posts with label globalization. Show all posts
Showing posts with label globalization. Show all posts
November 12, 2015
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