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ECON 3506 International Trade

International trade as per the course ECON 3506 International Trade is an exchange involving a good or service conducted between at least two different countries. The exchanges can be of different types like imports or exports of the goods and services that are purchased from the rest of the world by a country's residents, rather than buying domestically.

Following are three types of international trade under course ECON 3506 International Trade:

  • Export Trade
  • Import Trade
  • Entrepot Trade

It means importing goods from one country and exporting it to another country after adding some value to it.

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