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Trade. http://www.flickr.com/photos/amagill/3366720659 /. Trade. is the buying and selling of goods between countries of the World. http://www.flickr.com/photos/amagill/3366720659 /. Electronics Imports. Imports are the goods that countries buy from others.

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flickr/photos/amagill/3366720659 /

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  1. Trade http://www.flickr.com/photos/amagill/3366720659 /

  2. Trade is the buying and selling of goods between countries of the World. http://www.flickr.com/photos/amagill/3366720659 /

  3. Electronics Imports Imports are the goods that countries buy from others. http://www.worldmapper.org/display.php?selected=90

  4. Electronics Exports Exports are the goods that countries sell to others. http://www.worldmapper.org/images/largepng/89.png

  5. Balance of Payments is the difference between the exports and imports of a country. http://www.flickr.com/photos/amagill/3366720659 /

  6. Deficit When the imports of a country are greater than its exports. http://www.flickr.com/photos/articnomad/8806988/

  7. Surplus When the exports of a country are greater than its imports. http://www.flickr.com/photos/amagill/3367543296/

  8. Surplus or deficit?

  9. There are a number of advantages to having a trade surplus • The country doesn’t have to take out loans to fund public projects and services. • The country can invest in infrastructure and services. • These improvements will help improve the quality of life in the country. • The country can help industry develop and maintain it’s competitiveness, through grants and subsidies. http://www.flickr.com/photos/hmtreasury/4720955639/in/set-72157624207966917/

  10. Types of trade http://www.flickr.com/photos/amagill/3367543296/

  11. Free Trade is the buying and selling of good between countries without import taxes, quotas or subsidies. It is a level playing field. http://www.flickr.com/photos/amagill/3367543296/

  12. Protectionism is when a country seeks to protect its own industry by placing restrictions on the goods of foreign countries, using import taxes, quotas and subsidies. http://www.flickr.com/photos/amagill/3367543296/

  13. Secondary Exports- 1990 Pattern? http://www.worldmapper.org/display.php?selected=349

  14. Primary Exports- 2002 Pattern? Issue? http://www.worldmapper.org/display.php?selected=348

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