Traci

Bilateral Trade.



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Bilateral trade is trade between two countries. This can take the form of exports (sales of goods and services to foreign countries) or imports (purchases of goods and services from foreign countries). Bilateral trade can be either free trade (no barriers to trade) or restricted trade (barriers to trade exist). Free trade is more common, … Read more

What is intermediate consumption?



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When we speak of intermediate consumption we refer to the value that is equivalent to the goods and services that have been used to create new products. The value given to it is really the use of said inputs in its production process. In intermediate consumption we can consider non-durable goods and services consumed in … Read more