Flashcards on Private Sector and International Trade
Private Sector and International Trade: Your Student Guide
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Commerce and Trade
6 cards
Card 1
Question: What is the private sector in commerce and trade?
Answer: The private sector includes privately-owned businesses that aim to make a profit, ranging from small businesses to large multinational corporations.
Card 2
Question: How does the private sector contribute to the economy?
Answer: It drives economic growth through competition and innovation.
Card 3
Question: What is international trade?
Answer: International trade is the exchange of goods and services across national borders.
Card 4
Question: Name three elements involved in international trade.
Answer: Trade agreements, tariffs, and exchange rates.
Card 5
Question: What is e-commerce in the context of commerce and trade?
Answer: E-commerce is the buying and selling of goods and services over the internet.
Card 6
Question: How does e-commerce affect businesses and consumers?
Answer: E-commerce allows businesses to reach customers worldwide and provides consumers with convenience.