TERMINOLOGIES IN INTERNATIONAL TRADE

TERMINOLOGIES IN INTERNATIONAL TRADE

Freetrader Free trade refers to non-restriction on international trade. Buying and selling can take place between different countries without the imposition of artificial barriers such as absence of customs duties quotas, embargoes. There is perfect mobility of commodities and factors of production between countries.

Infant industries: Industries are newly established industries. They are still in their tutelage and must be protected from foreign competition, to safeguard their survival.

Devaluation: Devaluation is the lowering of the exchange value of a country’s currency via-a-vis other currencies. This makes import to be expensive and export to be more attractive.

Depreciation: Depreciation refers to the fall in the value of a country’s currency against other currencies as a result of the interplay of the forces of demand and supply.

Dumping: Dumping is the practice of selling goods in foreign countries at lower prices than what are obtainable in the exporting country.

  1. 153. FUNGAL DISEASES
  2. PROTOZOAN DISEASES
    155. TRYPONOSOMIASIS

    159. TAPE WORM
    160. ROUND WORM OF PIGS
    161. LIVER FLUKE
    162. ECTO PARASITES
    163. TICK

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  1. of demand curve and used
  2. advertising industry
  3. factors of production
  4. entrepreneur
  5. joint stock company
  6. public enterprises
  7. private enterprises

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