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Which of the following is perhaps the most fundamental reason for the growth in world trade?The need for businesses to expand their markets is perhaps the most fundamental reason for the growth in world trade.
Are goods and services that are made in one country and sold to other countries?What Is an Export? Exports are goods and services that are produced in one country and sold to buyers in another. Exports, along with imports, make up international trade.
What is it when a country imports more than it exports?If exports exceed imports then the country has a trade surplus and the trade balance is said to be positive. If imports exceed exports, the country or area has a trade deficit and its trade balance is said to be negative.
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