By Milton Ezrati When media outlets say that the United States and China are on the brink of a trade war, they mislead. The fact is that these two huge economies have long since gone over that brink. They are involved in a full-fledged trade war that will only likely intensify. Conflict has been building […]
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.