Explain various trade reforms related to foreign trade announced in in

1.	Explain various trade reforms related to foreign trade announced in india
Answer» Answer: Explanation: International trade is the exchange of goods and services between countries. This type of trade gives rise to a world economy, in which prices, or SUPPLYAND demand, affectand are affected by global events. Political change in Asia, for example, could result in ANINCREASE in the cost of labor, thereby increasing the manufacturing costs for an American sneaker company based in Malaysia, which would then result in an INCREASE in the price that you have to pay to BUY the tennis shoes at your local mall. A decrease in the cost of labor, on the other HAND, would result in you having to pay less for your new shoes.

Explain various trade reforms related to foreign trade announced in india

Answer»

Answer:

Explanation:

International trade is the exchange of goods and services between countries. This type of trade gives rise to a world economy, in which prices, or SUPPLYAND demand, affectand are affected by global events. Political change in Asia, for example, could result in ANINCREASE in the cost of labor, thereby increasing the manufacturing costs for an American sneaker company based in Malaysia, which would then result in an INCREASE in the price that you have to pay to BUY the tennis shoes at your local mall. A decrease in the cost of labor, on the other HAND, would result in you having to pay less for your new shoes.

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