Please enable JavaScript.

Coggle requires JavaScript to display documents.

Global trade - Coggle Diagram

- - - - if import are more than export we will have a trade deficit or trade gap
      - if export are more than import we will have a trade surplus
  - - - if a country has received money, this is known as a credit
      - if the country has paid or given money, this is referred to as a debit
  - - - refers to the exchange of services between countries
    - - refers to the exchange of physical products between countries
        
        visible imports if the good are brought into the country
        
        invisible export if the goods are sold to another country
- - - - Trade
        
        which refers to the activity of buying and selling goods and services; home trade refers to trade within a single country, whereas trade between different country is known as international trade.
        
        Home trade
        
        in the chain of distrubution, wholesailers, buy goods in bulk at cost price from producers and sell them in smaller quantities at wholesalers price to retailers, that sell them in small quantities price to consumer
      - Services to trade
        
        which make trade possible, these include storage, transport, insurance, etc.
- - - - direct sales from the producer to the final consumer, business-to-consumer, B2C
      - sales between consumer, consumer-to-consumer, C2C
      - sales between companies, business-to-business, B2B
      - sales of goods and services from individuals to companies, consumer-to-business, C2B
    - - brick and mortar companies: this only sell from shops
      - Click-to-brick: this has physical location that support their online activities (Amazon)
      - Click-and-mortar companies: sell both from shops and from websites
      - Dotcom companies: they do all of their business online
- - - - Mercosur in South America
- - - - Quotas
        
        A legal limit on the amount of product that can be imported
      - Subsidies
        
        Payments made by governments to home producers to enable them to lower their prices and be more competitive with prices of imported goods
      - Tariffs
        
        Taxes on imports which make foreign goods more expensive and less competitive than home-produced products
      - Embargoes
        
        Total or partial trade bans that governments impose on certain countries or on the export of specific goods at certain times.