By Tom Ozimek While President Joe Biden touted job creation and other apparent economic successes of his “Bidenomics” policies in a Labor Day speech, surveys showed that a growing majority of Americans are living paycheck to paycheck and that most say the economy has deteriorated over the president’s tenure. The president talked up his economic […]
Tag: Trade
Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties. Trade can take place within an economy between producers and consumers. International trade allows countries to expand markets for both goods and services that otherwise may not have been available to it. As a result of international trade, the market contains greater competition and therefore, more competitive prices, which brings a cheaper product home to the consumer.
