Give us feedbackX
  Back to all posts Other Essays

The reasons why nations trade

by Expert Marvellous | 06 Jun 2017

Trade refers to the process of buying and selling goods and services to the customers in the domestic and the international markets .The trading process involves parties that are interested in the other countries goods and services. Trade that involves two people is known as bilateral trade while trade that involves more than two parties it’s known as the multilateral trade.

Need essay sample on

"The reasons why nations trade" topic?

We will write a custom essay sample specifically for you

Proceed

Undergraduates Very Often Tell EssayLab professionals:
Who wants to write assignment for me?
Specialists suggest: Calculate The Price

Money is used as a means of exchanging the goods ands services amongst the persons that require them. There are different types of money that enhance the carrying out of the transactions they are known as credit money, paper money and the non-physical money. These kinds of money facilitate, promote and simplify the process of carrying out trade with the other countries of the world.

The reasons why countries engage themselves in the trading business are that: they may require the products that they don’t locally produce in their country. In other instances the climatic conditions within their country may not be conducive to grow the different kinds of products that are of importance to them. Trade may also be carried out when the governments of various countries may find it expensive to produce a good or service within their country hence they may opt to import the goods and services from other countries in the world.

The other reason why people may trade with the other countries of the world is that of the political instability within the resident coutries.The countries that are unstable are in most cases don’t get the opportunity to carry out their businesses effectively due to factors such as fear of attacks from the invaders and the terrorists thus the government of those countries may have no other option, but to import the goods and services that they require and other times some groups of people may political pressure the government to import some goods and services for their own interests .It is therefore important to trade with other countries so as to obtain the goods and services that the countries deserve in order to meet the demands of the people in their countries .

References

  • What is trade? Website accessed on 25th August, 2008
  • David Miller, (2004) “Comparative Economic Systems”
Learn more:
Why We Can’t Wait Why We Should Honor Our War Veterans We Should Not Pullout from Iraq: Prevention is the Best Cure

Do You need a paper on this topic?

Order Your Essay
Writer avatar

Jasmine PhD.

№18 In global rating

318

finished papers

191

customer reviews

100%

success rate

Writer avatar

Prof Herman PhD

№4 In global rating

97

finished papers

66

customer reviews

100%

success rate

Writer avatar

Dr. Amely

№11 In global rating

133

finished papers

86

customer reviews

100%

success rate

Writer avatar

Dr. Delaney

№20 In global rating

69

finished papers

34

customer reviews

100%

success rate

Writer avatar

Dr. Leonie

№5 In global rating

146

finished papers

96

customer reviews

100%

success rate

Writer avatar

Professor Chris

№7 In global rating

90

finished papers

54

customer reviews

100%

success rate

Writer avatar

Prof. Beatrice.M

№1 In global rating

158

finished papers

88

customer reviews

99%

success rate

Writer avatar

Dr. Landon

№12 In global rating

66

finished papers

37

customer reviews

100%

success rate

Writer avatar

Prof. Della.PhD

№6 In global rating

143

finished papers

107

customer reviews

100%

success rate

Writer avatar

Dr. Bakhita PhD

№8 In global rating

117

finished papers

56

customer reviews

99%

success rate

Order your paper now!

I need
My email
By clicking “Continue”, you agree to our terms of service and privacy policy. We’ll occasionally send you promo and account related emails.

EssayLab Reviews

  • Jason (student)

    I asked Essay Lab to write an essay for me and received paper the next day after I ordered it! Thank you!

  • Kimberly (student)

    Awesome WORK! If I ever need to write my essay – I will use only EssayLab!

  • Matt (student)

    These people are lifesavers! Just ask – “write me an essay” and they will start right away!

Support contacts

[email protected]