What do you know about foreign and domestic trade?

Berikut ini adalah pertanyaan dari cikoraksasacadinata pada mata pelajaran SBMPTN untuk jenjang Sekolah Menengah Atas

What do you know about foreign and domestic trade?

Jawaban dan Penjelasan

Berikut ini adalah pilihan jawaban terbaik dari pertanyaan diatas.

Jawaban:

Foreign trade and domestic trade are two distinct types of trade that involve the exchange of goods and services. Here's what you need to know about each:

1. Domestic trade: Domestic trade refers to the exchange of goods and services within the boundaries of a country. This can include buying and selling goods and services between individuals, businesses, and governments. In domestic trade, the currency used for the exchange of goods and services is the same, and there are no international trade barriers to consider.

2. Foreign trade: Foreign trade refers to the exchange of goods and services between countries. This can include imports, exports, and trade between multinational corporations. In foreign trade, the currencies used for exchange are different, and there are often trade barriers such as tariffs, quotas, and embargoes that must be considered.

Foreign trade can be further divided into two categories:

• Import trade: Import trade involves the purchase of goods and services from other countries and bringing them into one's own country for consumption or resale.

• Export trade: Export trade involves the sale of goods and services to other countries from one's own country.

Both domestic and foreign trade are essential for economic growth and development. Domestic trade supports the local economy by providing access to goods and services produced within the country, while foreign trade enables countries to access a wider range of goods and services and increase their global market presence.

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Last Update: Tue, 16 May 23