• 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