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eco p3 chapter 6 - Coggle Diagram
eco p3 chapter 6
1.1
export and import
export
selling to foreigners
more money
more jobs
import
buying from foreigners
cheaper
not avialable
better quality
open economy
dependancy on trade
gdp
exported to foreigners
and vice versa
export ratio
percentage of the export amount in relation to GDP
import ratio
percentage of the import amount in relation to GDP
world trade
the european Union as a trading bloc