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International Trade by Mind Map: International Trade

1. ADVANTAGES

1.1. Optimal use of natural resources

1.2. Availability of all types of goods

1.3. Advantages of large-scale production

1.4. Stability in prices

2. MEANING

2.1. Economic transactions that are made between countries. Among the items commonly traded are consumer goods. Other transactions involve services,

3. DISADVANTAGES

3.1. Economic Dependence

3.2. Impediment in the Development of Home Industries

3.3. Political Dependence

3.4. Import of Harmful Goods

4. DOMESTIC TRADE

4.1. The exchange and distribution of goods or services made for local consumption. Its between parts of the same country.

5. IMPORTANCE

5.1. PROVIDES GOODS AND SERVICES

5.1.1. Some of the goods and services we are provided of come from outside the country

5.2. PROVIDES EMPLOYMENT

5.2.1. Create jobs

5.2.2. International trade also motivates workers to produce the goods or services better

6. CONNECTIONS THE CONSTUMERS AND PRODUCERS

6.1. WHOLESALERS

6.1.1. Brokers

6.1.2. Jobbers

6.2. RETAILERS

6.2.1. Direct to consume

6.2.2. Minimarkets