Explore BrainMass
Share

Explore BrainMass

    commercial relations

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    1. Which are the advantages and disadvantages of a country to have commercial relations with other countries?

    © BrainMass Inc. brainmass.com October 9, 2019, 7:46 pm ad1c9bdddf
    https://brainmass.com/economics/comparative-advantage/commercial-relations-128556

    Solution Preview

    The primary advantage of having commercial relations with other countries or in other words, opening up the economy of the country for foreign trade is that one can not only export products and services in which the country has comparative or competitive advantage and earn valuable foreign exchange with the exports, but can also import best products or services from ...

    Solution Summary

    The solution discusses what are the advantages and disadvantages of a country to have commercial relations with other countries.

    $2.19