--%>

Factors of account since the Second World War

For rapid growth of world trade what are the factors of account since the Second World War?

E

Expert

Verified

The rapid growth in world trade has been facilitated by a reduction in trade barriers, by increasing prosperity of nations around the world, and by improved communication and transportation that have made trade easier among the world’s major industrial powers.

   Related Questions in Business Economics

  • Q : Firms operating under Cournot

    Question: Suppose three identical firms are engaged in Cournot competition in quantities. They all have marginal costs equal to 40. Market demand is given by:

    Q : What are the determinants of demand

    What are the determinants of demand?

  • Q : Explain the shapes of the

    Specify and explain the shapes of the marginal-benefit and marginal-cost curves and use these curves to determine the optimal allocation of resources to a particular product.  If current output is such that marginal cost exceeds marginal benefit, should more or l

  • Q : Factor Price Equalization theorem

    Please answer each of the exercises below. While you may work together on the homework, you must turn in your own work (in your own words). Homework must be handed in at the beginning of class on the due date unless other arrangements have been made. No late homework will be accepted. Homework wi

  • Q : Illustrate the complex cases when both

    Illustrate the complex cases when both supply and demand shift?

  • Q : Introduction of the term Risk Principle

    Give a brief introduction of the term Risk Principle?

  • Q : Illustrate the advantage and

    Illustrate the advantage and disadvantage of Corporations?

  • Q : Problem regarding private firms I have

    I have a problem in economics on Problem regarding private firms. Please help me in the following question. The mass of U.S. output is generated by: (i) Producer cooperatives. (ii) Non-profit organizations. (iii) Private firms. (iv) Government agencie

  • Q : Growth is a significant economic goal.

    Growth is a significant economic goal. Explain?

  • Q : Problem on prisoners dilemma game Lets

    Lets assume an infinitely repeated prisoner’s dilemma game by two players. The resulting payoffs at each phase by the actions of two players are illustrated below in the table (payoffs are symbolized like (payoff for player 1, payoff for player 2)). Two players