Marketing: Real People, Real Choices (9th Edition)
9th Edition
ISBN: 9780134292663
Author: Michael R. Solomon, Greg W. Marshall, Elnora W. Stuart
Publisher: PEARSON
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Chapter 2, Problem 2QA
Summary Introduction
To explain: Meaning of world trade with role of WTO and economic communities in encouraging free trade. The protectionism with the meaning of import quotas, embargoes, tariffs.
Introduction: Trade means dealing in product or services from one country to another country. Trade is carried out between the buyer and seller or producer and consumer dealing in products and services.
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