Submitted by jason34 on June 17, 2007

• Category: Business
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International Trade Simulation

INTERNATIONAL TRADE SIMULATION

In most countries, there is a supply and a demand, countries that demand a particular good but do not have the necessary commodities to produce that good will have to look else where to satisfy this demand. With any trade, there are advantages and disadvantages, the advantages in international trade are that one country has the opportunity to move some of its surplus to other country who may be lacking in that particular commodity. Another advantage is that if your country is in need one can work out an agreement to import what the one country has and export your surplus so that it is a win-win situation for both parties. The disadvantages...

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