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International Trade (Part 1)
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Studying about the international trade

Vanni gangwar
hi..my name is vanni ..and i had done economics hons...and i am here to share my knowledge with all you people.

U
Unacademy user
Sir please avail download option for the ongoing lectures, there network problem in my study room, it buffering in every 5 minutes
Jatin Verma
2 years ago
I have escalated this problem.
Shakib Shaikh
2 years ago
Actually just listening to voice it becomes difficult to focus, just suggesting that if you will put a column where we can see you explaining, would be much better.
Shakib Shaikh
2 years ago
Actually just listening to voice it becomes difficult to focus, just suggesting that if you will put a column where we can see you explaining, would be much better.
Jatin Verma
2 years ago
you are very demanding:)
Shakib Shaikh
2 years ago
No problem, it's fine Thanks
Shakib Shaikh
2 years ago
Hello Sir I just watch your course of Daily News Analysis for Current Affairs, will it be sufficient. Actually I'm a new fellow in this race just started studying few days before , if you could suggest how to approach for this exam, I'll be very thankful to you. Waiting for your reply.
I like the way u explain.
  1. INTERNATIONAL TRADE


  2. An Overview to the International Trade GrLOBALIZATioN PR C NG L OUTSOURCING TARIFF LAW- NTERNAT ON ALYIMPORT TRADE COST ORIGIN CUSTOMS EXCHANGE FREIGHT RATE INSURANCE DOCUMENTS


  3. International Trade . the branch of economics concerned with the exchange of goods and services with foreign countries . purchase, sale, or exchange of goods and services across national borders


  4. International Trade . Almost every kind of product can be found on the international market such as: Food Clothes Spare Parts Wine Stock Currencies v Oil Jewelry


  5. WTO: WHAT THEY DO? IMPLEMENTATION AND MONITORING TRADE DISPUTE SETTLEMENT BUILDING TRADE CAPACITY INVESTMENT AND TRADE TRADE POLICY REVIEWS


  6. ABSOLUTE ADVANTAGE OCCURS WHENONE PRODUCER CAN DO A TASK USING FEWER INPUTS THAN THE OTHER PRODUCER


  7. COST ADVANTAGE OCCURS WHEN A PERSON OR COUNTRY CAN PRODUCE A GOOD OR SERVICE AT A LOWER OPPORTUNITY COST THAN OTHERS


  8. WHY SPECIALIZE? BECAUSE OF SPECIALIZATION BOTH NATIONS CAN BE BETTER OFF, EVEN IF ONE NATION HAS AN ABSOULTE ADVANTAGE IN BOTH GOODS OVER THE OTHER.


  9. TRADE BARRIERS(TARIFFS, SUBSIDIES, QUOTAS) -TARIFFS AND NON TARIFFS


  10. Tariff Trade Barrier a tax on goods shipped internationally A price-based barrier


  11. Tariffs: Types of tariffs .Specific duty: a tariff based on the number of items being imported. . Ad valorem duty: a tariff based ona percentage of the value of imported goods. Compound duty: a tariff consisting of both a specific and ad valorem - duty.


  12. REASON FOR TRADE BARRIERS DOMESTIC EMPLOYMENT LOW FOREIGN WAGES INFANT INDUSTRY UNFAIR TRADE NATIONAL SECURITY


  13. CONSUMER SURPLUS EXCESS OF WHAT A CONSUMER IS WILLING TO PAY HE ACTUALLY HAS TO PAY.


  14. PRODUCER SURPLUS EXCESS OF WHAT A SUPLLIER IS WILLING TO RECEIVE AT A MINIMUM AMOUNT AND WHAT HE ACTUALLY RECEIVES


  15. Importance of International Trade e Without international trade, nations would be limited to the goods and services produced within their own borders. e International trade is the backbone of our modern, commercial world, as producers in various nations try to profit from an expanded market, rather than be limited to selling within their own borders. There are many reasons that trade across national borders occurs, including lower production costs in one region versus another, specialized industries, lack or surplus of natural resources and consumer tastes.