COMMERCE 1B03 Chapter Notes - Chapter 3: Canada Border Services Agency, Product Liability, Ethnocentrism
21 Oct 2016
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Why trade with other nations: global trade enables a nation to produce what its most capable of making and buying needs they cannot make, bene cial exchange relationship. Free trade is the movement of goods/service among nations without political carriers. States that a country should sell to other countries. Advantages that exists when a country has a monopoly of making a speci c product or is able to produce it ef ciently. Importing goods and services: canada border services agency deals with importers that enter our country. Exporting goods and services: you can sell just about any goods/service that is used in canada to other countries - and often. Canadian producers are not as intense as global markets: trades with other countries enhances the quality of life for canadians, contributes to our country"s economic well-being, exporting provides jobs. International joint ventures: joint venture means a partnership in which two or more companies join to undertake a major product.
