Explain five basis for the existence of international trade
Explain the 5 basis of international trade? Ask for details ; Follow Report by Manoharsingh562 02.03.2018 Log in to add a comment Answers Me · Beginner Know the answer? Add it here! Sibbi Expert; Basis of international trade are as follows:-1.difference in natural resources. 2.population factor. 3.stage of economic development. And once you have reached saturation point, what then? Because of these limitations wise business owners are looking to go global and exploit the many international trade opportunities – after all, in the global economy; practically every country is a potential customer. Here are seven reasons for international trade: The new trade theories can explain intra-industry trade while the orthodox theory cannot. Intra-industry trade-also known as horizontal trade or two-way trade or cross-handling-is defined as the simultaneous import and export of commodities belonging to the same industry.