top of page

Differences between International and Internal Trade

Question

Analyse ways in which international trade differs from internal trade.

Category:

International Trade

Frequently asked question

Preview Answer

I. 🍃Introduction
- Definition of international trade
- Importance of international trade

II. Cost of International Trade
- Increased cost of transport
- Longer delivery times

III. Benefits of International Trade
- Access to a bigger market
- Increased competition
- Economies of scale

IV. Challenges of International Trade
- Use of different currencies
- Trade restrictions
- Differences in tastes and cultures
- Differences in regulations
- Language barriers

V. 👉Conclusion
- Summary of key points
- Importance of addressing challenges in international trade.

Ops... End of preview!

Already purchased Economics Study Pack subscription? Amazing! Click below

What's included 
 
✔️Full essay
✔️Tips
✔️Diagrams
✔️Marking Schemes
✔️Examiner's report

Economics Study Help
bottom of page