Author Archives: kmarci2000

International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. It seeks to explain the patterns and consequences of transactions and interactions between the inhabitants of different countries, including trade, investment and transaction. International trade studies goods-and-services flows acrossContinue reading “International Economics”

The economic theory of international trade differs from the remainder of economic theory mainly because of the comparatively limited international mobility of the capital and labour.[5] In that respect, it would appear to differ in degree rather than in principle from the trade between remote regions in one country. Thus the methodology of international tradeContinue reading “The scope of the international economics”