14 Jul TRADE IS “A BASIC ECONOMIC CONCEPT INVOLVING THE BUYING AND SELLING OF GOODS AND SERVICES
Trade is “a basic econ…
I need a discussion response to my peers discussion post please. See below
Trade is “a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods and services between parties” (Investopedia, n.d). Countries have become very dependent on trade in almost all industries. Nations would be heavily affected if all trade with one another were cutoff.
Here is a list of products that might not be able to be obtained any longer if trade were cutoff:
US: cars, prescription drugs, oil, gas, furniture, gold, cell phones, computers, vehicle parts, certain foods, some clothing brands, and more.
Curacao: boats, petroleum, jewelry, beer, bandages, aluminum housewares, cloth articles, centrifuges, wheat flours and more. (OEC, n.d).
Word Count: 154
References:
Investopedia. (n.d). What is Trade? Retrieved June 10, 2018, from: https://www.investopedia.com/terms/t/trade.asp
OEC. (n.d). What Does Curacao Import. Retrieved June 10, 2018, from:
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