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    A country decides to trade for five key reasons: 1) No country can produce all goods and services needed, so they import what they cannot produce like bananas; 2) Proximity to other countries enables trade relationships to develop, like between Canada and the USA; 3) Consumers often demand high quality goods from other countries, such as Swiss watches and Belgian chocolate; 4) Companies promote their products globally to increase sales and profits across borders like McDonalds; 5) Some countries can produce goods more cheaply due to lower wages or material availability, for example clothing from Southeast Asia.

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    A country decides to trade for five key reasons: 1) No country can produce all goods and services needed, so they import what they cannot produce like bananas; 2) Proximity to other countries enables trade relationships to develop, like between Canada and the USA; 3) Consumers often demand high quality goods from other countries, such as Swiss watches and Belgian chocolate; 4) Companies promote their products globally to increase sales and profits across borders like McDonalds; 5) Some countries can produce goods more cheaply due to lower wages or material availability, for example clothing from Southeast Asia.

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    Download as DOC, PDF, TXT or read online from Scribd
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    27 views1 page

    International Trade

    Uploaded by

    api-3760967
    A country decides to trade for five key reasons: 1) No country can produce all goods and services needed, so they import what they cannot produce like bananas; 2) Proximity to other countries enables trade relationships to develop, like between Canada and the USA; 3) Consumers often demand high quality goods from other countries, such as Swiss watches and Belgian chocolate; 4) Companies promote their products globally to increase sales and profits across borders like McDonalds; 5) Some countries can produce goods more cheaply due to lower wages or material availability, for example clothing from Southeast Asia.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
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    Download as doc, pdf, or txt
    of 1

    International Trade

    Why would a country decide to trade?


    1. Product
    -Canada cannot produce all the goods and services it needs
    Examples Bananas
    -We have an excess of some goods.
    Example: Amazing high school teachers (?), Wood, and other natural resources.

    2. Proximity
    -Counties close to each other can develop relationships. Therefore, trade of goods and
    services increase.
    Example: Canada and the USA.

    3. Preference
    -Canadians often demand goods made in other countries that they deem high in quality.
    Example: Swiss watches, Belgium chocolate

    4.Promotion
    - Companies promote their products all around the world. Therefore, they sell
    goods/services all around the world.
    -Increased sales and profit.
    Example: McDonalds

    5. Price
    -Some products from other countries are made cheaper (lower wages, availability of
    material, etc.)
    Example: Clothing from South East Asia

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