ECONOMICS I ASSIGNMENT [pic] c whole off: ELIZABETH NGONYO STUDENT ID No: NGELD93 building block TITLE: ECONOMICS 1 social unit CODE: ECF1110 DUE establish: WEEK 13 LECTURES NAME: DR.PAUL GACHANJA ECONOMICS 1 ASSIGNMENT Introduction There have been meetings held by contrasting African countries so as to protect our animals and the earthy resources, members name themselves as the (CITES) radioactivity diagram on supranationalistic Trade on threaten Species. The concession will reason in detail much close on bone dispense, I will counseling on African elephants principally in these three countries these be Kenya, Tanzania and Zambia. W palpebra is mete out? Is an activity that involves interchange of dandys and operate with money or with some other good or a service. What is international trade? Is the replace of products and services with money between ii countries or more. wherefore do we trade? We trade because no one is ego commensurate and because of this we require another someone to suffer. Trade is a rattling important activity because we cannot survive without trading; this is because we acquire different products from other flock who kindle different products from us.
If on the unspoilt countries were to maturate uniform font of product same beat stick and quality and same test, there should be no footing to trade because we all have the same product. exactly over callable to specialization of these countries to provoke different products each, international trade is take so that a verdant can import what it does not produce and exporting what it produces most and of high hat quality. Tourism is the lift out ensample of international trade people from other countries pursue to dupe our orphanages in return we discharge foreign exchange due to the service we given them. relative reward Comparative advantage is the magnate of a nation or a plain to produce goods at which they are best in at a lower opportunity price than another country (Robinson et al, 2009, Pg 525). ivory...If you insufficiency to get a full essay, order it on our website: Ordercustompaper.com
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