GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Encourages trade between nations
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Because resources are valuable to marketers, it doesn’t take them long to
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If our nation lacks a resource, we can usually trade something to get it
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pinpoint where a particular resource can be found in abundance
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all of above
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Explanation:
Detailed explanation-1: -Building trade capacity in developing economies A WTO Committee on Trade and Development looks at developing economies’ special needs. Its responsibility includes implementation of the WTO agreements, technical cooperation and the increased participation of developing economies in the global trading system.
Detailed explanation-2: -Adam Smith’s model Adam Smith describes trade taking place as a result of countries having absolute advantage in production of particular goods, relative to each other.
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