DocumentCode
1124776
Title
Trade agreements
Volume
21
Issue
5
fYear
2003
Firstpage
19
Lastpage
29
Abstract
Trade is good. As a business, the more people you can sell your product to the better. As an individual consumer, the more product choices you have, the better. Of course, the key to all this buying and selling is access and price. Also, access to a certain extent controls price. World trade allows what economists call economies of scale. As a result, the customers pay less, and the companies can earn more profits, which creates more jobs and propels incomes higher. This paper details how free trade among countries gives us both.
Keywords
economics; international trade; production; tariffs; access; business; buying; consumers; economies of scale; free trade agreements; price; product choice; profits; purchases; sales; selling; Communications Society; Companies; Computer Society; Computer science; Costs; Economics; Government; Investments; Protection; Trade agreements;
fLanguage
English
Journal_Title
Potentials, IEEE
Publisher
ieee
ISSN
0278-6648
Type
jour
DOI
10.1109/MP.2002.1166622
Filename
1166622
Link To Document