Get premium membership and access revision papers with marking schemes, video lessons and live classes.
  OR
Processing. Please wait.

 Form 4 Business Studies questions and answers on international trade

Highlight four problems a country may have by participating in international trade.

 (3m 28s)
852 Views     SHARE

Download as pdf file

Answer Text:
-Causes exhaustion of non- renewable resources
-Threat to growth of local industry due to importation of cheaper and high quality goods
-Importation of goods the have adverse effects to the citizens. E.g. harmful goods/products
-Erosion of cultural value due to coping of undesired foreign habits
-Increased inflation due to importation of expensive goods


|