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VOL. 2, ISSUE 6 (2017)
World trade in goods and services–major trends and issues
Authors
Dr. Rashmi Gujrati
Abstract
World trade / international trade are the exchange of capital, goods, and services across international borders or grounds, which might include the actions of the government and separate. In most countries, such ability indicates an authoritative share of gross domestic product (GDP). Trading globally gives patrons and countries the occasion to be exposed to new markets and products. Virtually every kind of invention can be originated on the international market: food, clothes, spare parts, oil, jewelry, wine, stocks, currencies and water. Services continue also functioned: tourism, banking, consulting and conveyance. A product that is sold to the global market is an export, and a product that is accepted from the global market is an import. Imports and exports are accounted for in a country's present account in the balance of payments.
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Pages:32-34
How to cite this article:
Dr. Rashmi Gujrati "World trade in goods and services–major trends and issues". International Journal of Academic Research and Development, Vol 2, Issue 6, 2017, Pages 32-34
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