Summarize (1) Duality Theory (2) Production Optimum Condition (3) Perfectly Competitive Market Conditions (4) Deadweight Loss (5) Optimum Price and Quantity in Competition and in Monoploy (Graphs) (6...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...