ECS 3702
University of South Africa
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ECS 3702 Complete Study Notes.
- Class notes • 73 pages • 2023
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Learning Unit 1 Introduction International trade is an extension of domestic trade, that voluntary involves the exchange of goods and services, which to a larger extent lead to increase in the eco nomic welfare of the parties that engage in trade. Through specialisation international trade leads to increase in output as countries specialise in the production and exporting goods they can produce cheap and better. The differences between international trade and domestic trade are many, for instanc...
Class notes
ECS 3702 Complete Study Notes.
Last document update:
ago
Learning Unit 1 Introduction International trade is an extension of domestic trade, that voluntary involves the exchange of goods and services, which to a larger extent lead to increase in the eco nomic welfare of the parties that engage in trade. Through specialisation international trade leads to increase in output as countries specialise in the production and exporting goods they can produce cheap and better. The differences between international trade and domestic trade are many, for instanc...
R189,13
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