Why+Nations+Trade

=Why Nations Trade=

= Advantages = -Provide more profits for the exporting country -Introduces new products into the country -The economy of the country increases -Improve relationships with other countries -Helps developing countries to become more developed

= Disadvantages = -Increases the price of the product for the consumer -High levels of transportation cost -Imports hinder the economic development of the importing country

=Factors that influence trade=

1. The resources the country has
Natural resources- oil,gas,water,crops Financial resources- money Human resources- people

5.The inflation
Increase in production costs

6. Trade laws
Taxes to be paid at customs

7.Government Agreements



 * Word || Spanish Equivalent || English Meaning ||
 * Expertise || Habilidad || A high level of knowledge or skill ||
 * Surplus || Superávit || The amount of money you have left when you sell more than you buy, or spend less than you have ||
 * Encourage || Fomentar, Estimular || To make someone more likely to do something, or to make something more likely to happen ||
 * Raise || Elevar, Aumentar || To lift something to a higher position ||
 * Labour || Mano de Obra || Workers, especially people who do practical work with their hands ||
 * Benefit || Beneficio || A helpful or good effect, or something intended to help ||
 * Decline || Declive, Decadencia, Deterioro || To gradually become less, worse, or lower ||
 * Retaliate || Tomar represalias, Contraatacar || To hurt someone or do something harmful to them because they have done or said something harmful to you ||
 * Prevent || Impedir, Evitar || To stop something from happening or someone from doing something ||
 * Restrict || Restringir, Limitar || To limit the movements or actions of someone, or to limit something and reduce its size or prevent it from increasing ||
 * Customs || Aduana || The authorities designated to collect duties levied by a country on imports and exports ||
 * Delay || Demora, Retraso || To not act quickly or immediately ||