TRADE SOL 12D. GLOBAL ECONOMY Worldwide market where the buying and selling of goods takes place.

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Presentation transcript:

TRADE SOL 12D

GLOBAL ECONOMY Worldwide market where the buying and selling of goods takes place

WHY NATIONS TRADE To obtain goods they cannot produce To buy goods at lower cost To sell goods to other countries for profit To create jobs Creating jobs is the most important reason WHY???

SPECIALIZATION VA and the U.S. specialize in the production of certain goods VA-Coal Civilian aircraft- $74 billion

IMPACT OF TECHNOLOGY New technology allows for the flow of capital, goods, and services Technology can lower cost of production Robots in factories The internet allows people to shop from home

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