Elucidate facilitating factors that explain the growth
Elucidate facilitating factors that explain the growth of trade?
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1. Transportation technology has improved over the years.
2. Communications technology allows traders to make deals in trade and global finance very easily.
3. Trade barriers declined dramatically since 1940, and the trend toward free trade continues.
Evaluate and explain the statements: “The market system is a profit-and-loss economy”
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Use the circular flow model to confirm this assertion for $50 million increase in spending for space research?
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