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TRADE (Types (International (export and import products (negative,…
TRADE
Definition
buying and selling products and services
Types
Domestic
into the borders of a country
wholesale
companies buy big amounts of a product to a the manufacturer in order to sell it to the retailers
retail
retailers sell prodcuts to the cunsumers
markets, hypermarkets and shops
International
export and import products
negative
balanced
positive
developed countries import raw materials and energy sources and export manufactured products
less developed countries import manufactured products and export raw materials and energy sources
some countries have joined to gether to form trading blocs to encourage the trade between them
EU, NAFTA, APEC and Mercosur