Title: (Optional) Describe possible outcomes and other important aspects of global trade.
Course: Principles of Business and Marketing (12051-36) > Section: Understanding the Role of Economics in a Global Economy

Description should focus on the balance of trade (to avoid surplus and deficit) and include the influence of

- increased competition, which regulates the cost of goods and services
- greater variety of goods and services
- improvement in product quality
- changes in tax revenue due imports and exports and changes in volume of domestic manufacturing
- increased economic interdependence and possible alliances and trade agreements among countries
- increased number of jobs in some countries and increased unemployment in others
- exchange rates
- trade barriers.