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What Is the Competitive Advantage of Trade Surplus & Trade Deficit?
by tanknique in Business
From the 16th to 18th century, western European countries believed the only way to engage in trade were through exporting as many goods and services as possible. Using this method, countries always carried a surplus and maintained a large pile of gold. Under this system, called mercantilism, the Concise Encyclopedia of Economics explains that nations had a competitive advantage by having enough mo

What Are Two Trade Barriers for a Nation With a Protectionist Trade Policy?
by BofRA in Business
Protectionism is a trade policy designed to provide advantages for domestic industry and workers through trade restrictions, tax policies and other government interventions. Protectionist policies generally aim to reduce foreign competition and imports. By constructing trade barriers such as tariffs and subsidies, governments provide cost advantages to domestic businesses. The end goal may be to m

What Is the Difference Between Trade Surplus & Trade Deficit?
by Jason Merrill in Business
A country has a trade surplus when it exports more than it imports. Conversely, a country has a trade deficit when it imports more than it exports. A country can have an overall trade deficit or surplus, or simply have either with a specific country. Either situation presents problems at high levels over long periods of time, but a surplus is generally a positive development, while a deficit is se

What Is the Difference Between Free Trade & Fair Trade?
by sgmichelsen in Business
The growth of the global economy has brought attention to the nature of international trade where its economic and ethical implications are concerned. The late 20th century witnessed worldwide efforts to remove obstructions to trade (tariffs and volume constraints, for example) as part of a movement called free trade. The fair trade movement emphasizes an organic approach to international exchange

Differences Between Fair Trade & Free Trade
by htcg1htcg1 in Business
Free trade benefits multinational corporations; fair trade benefits people. The similarity of the names leads to some confusion among the general public, but the two ideas are very different. Free trade is a regulatory approach that seeks to open up Third World countries as potential new markets and sources of cheap labor and resources. Fair trade is a system of international commerce that respect

Free Trade vs. Protective Trade
by Mariocki in Personal Finance
Government officials coordinate legislation to manage their respective economies through international trade. Leadership objectives concerning international trade range between free and protective policies. Further, treasury funds may be spent to influence exchange rates, and improve the effectiveness of any trade legislation. Public sentiment regarding free vs. protective trade generally varies a

How Do I Make a Trade With Another Player in the "Trade Nations" Game?
by Yst in Hobbies, Games & Toys
It may look like a simple game to pick up and play on your iPhone, iPod Touch or iPad, but "Trade Nations" has hidden depths. You can think up new strategies for your workers, research market trends to find the proper prices for goods, and even optimize your shop for maximum efficiency based on your gaming schedule. If you're starting from scratch, that may all seem overwhelming, but building a th

How to Trade Options on E-Trade
by artvscommerce in Personal Finance
E-Trade has a user-friendly trading platform and offers extensive options brokerage services. After opening an account with E-Trade, you need to fill out an additional application and obtain approval for options trades. Once approved, you should familiarize yourself with the user interface on the options screen and follow a number of options before making large trades. Always remember that options

Silver Trade Unit Vs. Silver Trade Dollar
by Trevor Cortez in Hobbies, Games & Toys
Many precious metal investors consider adding silver trade dollars and trade units to their holdings. In spite of their similar names, trade dollars and trade units are not the same. Each offers advantages and disadvantages that may impact their value. ProductionThe U.S. Mint produced silver trade dollars from 1873 through 1885. They have not been produced since. According to "2010 North Americ

How to Trade TSX and SXO
by Chunkee in Personal Finance
Trading the Montreal Exchange's SXO index option contract based on the S&P/TSX 60 stock index requires proper planning and preparation. The SXO option contract trades Monday through Friday between 9:30 a.m. and 4:15 p.m. Montreal time. The SXO option contract premium price is arrived at by multiplying $100 Canadian by the contract's S&P/TSX 60 index point. An SXO index option that is trading at 2.
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