Factors of account since the Second World War
For rapid growth of world trade what are the factors of account since the Second World War?
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The rapid growth in world trade has been facilitated by a reduction in trade barriers, by increasing prosperity of nations around the world, and by improved communication and transportation that have made trade easier among the world’s major industrial powers.
Mutually beneficial exchange is probable whenever relative production costs vary previous to trade, is a manner to state the law of: (1) Positive profits from trade. (2) Comparative benefit. (3) Specialization and Division. (4) Purchasing power parity
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