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Linkage amongst economies

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How are the economies of two different countries linked together? Give two factors and explain them.

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This discusses the Linkage amongst economies.

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While international trade has been present throughout much of history , its economic, social, and political importance have been on the rise in recent centuries, mainly because of industrialization, advanced transportation, globalization, multinational corporations, and outsourcing.

WHY DO COUNTRIES TRADE WITH EACH OTHER?

- To obtain goods that they cannot produce themselves
- To increase choice for their consumers
- To obtains goods at a cheaper price than what they can produce themselves
- To make more revenues and profits. It an extra place in which to sell their goods
- ...

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