What is foreign trade according to anatol Marad?
What is foreign trade according to anatol Marad?
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manish1008
According to Anatol Marad, “International trade is a trade between nations”. According to Eugeworth, “International trade means trade between nations”. Import Trade : Import trade refers to purchase of goods by one country from another country or inflow of goods and services from foreign country to home country.
Foreign trade basically takes place for mutual satisfaction of wants and utilities of resources. According to Wasserman and Haltman, “International trade consists of transaction between residents of different countries”. According to Anatol Marad, “International trade is a trade between nations”.