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14589158
Reasons for trade
Description
Mind Map on Reasons for trade, created by Jia Jun Neo on 09/08/2018.
Mind Map by
Jia Jun Neo
, updated more than 1 year ago
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Created by
Jia Jun Neo
almost 6 years ago
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Resource summary
Reasons for trade
DD-Side
Diff in T&P
Eg, preference towards Japanese cuisine → M of Salmon Sashimi
↑ Competitn
Innovate & Improve quality of g&s
↑ Variety, quality and qty
↓ Px
Engine for growth
↑ mkts, ↑ X → ↑AD
↑ I, ↑ RNY
↑ AS
Tsf of tech → ↑ productive capacity
↑ LRAS
↑ Competn
↑ R&D & Efficiency
Import cheaper factor input → ↓ COP
↑ SRAS
CA Theory
Ability to produce gds @ a lower opp cost
Specialization of g&s they have CA in → exports them
↑ O/p
Consume > PPC → ↑ Soc Welfare
EOS
Esp small dom mkts
IEOS & EEOS
Expand their scale or production
↓ unit COP
E.g socks industry in China (EEOS)
Gain CA with EOS
Acquired needed
Imports of Raw Materials
Capital gds
Media attachments
Growth Icon 33 (binary/octet-stream)
Free Polygonal Reaching Hands Vector (binary/octet-stream)
S J3l Af Sa6v99a Xs H Pj Uhg Wa (binary/octet-stream)
S Emw Xv4 N5ez Se C Ua Pa Ftlq (2) (binary/octet-stream)
Labour (binary/octet-stream)
Stock Vector Technology Icon Set 287048351. (binary/octet-stream)
Oil Barrel 23 2147503280 (binary/octet-stream)
Toyota Logo Bw (binary/octet-stream)
41xi Aee9 Ol. Sl500 Ac Ss350 (binary/octet-stream)
Baa2dc61beafd92430c7799ad5aa6ff0 (binary/octet-stream)
Increase In Lras (binary/octet-stream)
Increase In Sras (binary/octet-stream)
Light Bulb Idea (binary/octet-stream)
Thumbs Up (binary/octet-stream)
Satisfaction (binary/octet-stream)
Automated Production Line Factory Conveyor With Vector 20489912 (binary/octet-stream)
Borders 2099224 960 720 (binary/octet-stream)
Socks 39463 (binary/octet-stream)
Beam (binary/octet-stream)
Fall In Unit Cost (binary/octet-stream)
85131 Expand 512x512 (binary/octet-stream)
Competition (binary/octet-stream)
Machine (binary/octet-stream)
Fiveticks Feature (binary/octet-stream)
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