By Tom Ozimek U.S. manufacturing gained fresh momentum in January as factory output increased and business conditions improved, according to survey data released on Feb. 2, offering the clearest signs yet of a turnaround after months of weakness. The Institute for Supply Management’s (ISM’s) headline measure of U.S. manufacturing activity hit its highest level since […]
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.
