International Business

Any business transaction between parties from more than one country is a part of international business. The buying and selling of goods, product or services…

International Trade is the exchange of goods and services between countries. This type of trade gives rise to a world economy, in which prices, supply,…

Globalization is not a new phenomenon. The world economy has become increasingly interdependent for a long time. However, in recent decades the process of globalization…

Importance of International Trade Theory on International Trade International trade contributes a significant portion for a nations total GOP. Business organizations get a high level…

Dynamic Gains from International Trade Dynamic Gains from Trade accrue to a country over a longer period of time. The sector involved in the trade…

Static Gains – Static means a stationary state. So we are interested in the immediate effect of the trade. Thus, Static gains are the immediate…

Unfair business practices encompass fraud, misrepresentation, and oppressive or unconscionable acts or practices by business, often against consumers and are prohibited by law in many…

Absolute Advantage Theory of International Trade – In economics, the principle of absolute advantage refers to the ability of a party (an individual or firm,…

Theory of International Trade Advanced by David Ricardo Comparative advantage theory was developed by David Ricardo. It helps explain how trade benefits the world if…

International trade is the exchange of goods and services between countries. This type of trade gives rise to a world economy, in which prices, supply,…