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Home > Art, Film & Photography > Trade: Free Trade, Barter, Ivory Trade, List of Countries by Leading Trade Partners, Water Trading, Trading Diaspora, Community Exchange System
Trade: Free Trade, Barter, Ivory Trade, List of Countries by Leading Trade Partners, Water Trading, Trading Diaspora, Community Exchange System

Trade: Free Trade, Barter, Ivory Trade, List of Countries by Leading Trade Partners, Water Trading, Trading Diaspora, Community Exchange System


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About the Book

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 29. Chapters: Free trade, Barter, Ivory trade, List of countries by leading trade partners, Water trading, Trading Diaspora, Community Exchange System, Permanent normal trade relations, Rai stones, Trading turret, Silent barter, Horse trading, Tradability, Foreign trade zone, Import replacement, Social purchasing network, Domestic trade. Excerpt: Free trade is a system of trade policy that allows traders to trade across national boundaries without interference from the respective governments. According to the law of comparative advantage the policy permits trading partners mutual gains from trade of goods and services. Under a free trade policy, prices are a reflection of true supply and demand, and are the sole determinant of resource allocation. Free trade differs from other forms of trade policy where the allocation of goods and services among trading countries are determined by artificial prices that may or may not reflect the true nature of supply and demand. These artificial prices are the result of protectionist trade policies, whereby governments intervene in the market through price adjustments and supply restrictions. Such government interventions can increase as well as decrease the cost of goods and services to both consumers and producers. Interventions include subsidies, taxes and tariffs, non-tariff barriers, such as regulatory legislation and quotas, and even inter-government managed trade agreements such as the North American Free Trade Agreement (NAFTA) and Central America Free Trade Agreement (CAFTA) (contrary to their formal titles) and any governmental market intervention resulting in artificial prices. Free trade implies the following features: Current free trade areas. Status of WTO negotiations: Most countries in the world are members of the World Trade Organization (see map), which limits in certain ways ...


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Product Details
  • ISBN-13: 9781156888384
  • Publisher: Books LLC, Wiki Series
  • Publisher Imprint: Books LLC, Wiki Series
  • Height: 246 mm
  • No of Pages: 30
  • Spine Width: 2 mm
  • Weight: 73 gr
  • ISBN-10: 1156888387
  • Publisher Date: 26 Jul 2011
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Sub Title: Free Trade, Barter, Ivory Trade, List of Countries by Leading Trade Partners, Water Trading, Trading Diaspora, Community Exchange System
  • Width: 189 mm


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