Internatioanl trade For centuries Britain has been a country that relies on international trade. We purchase goods and services from other countries and in return we sell them goods and services produced here. An import is a purchase by UK citizens from overseas. An export is a sale by UK citizens to a member of another country. Visible and invisible trade items For the purpose of classification we call the tangible goods that we trade visible items. We call the services that we trade invisible…

Continue reading

Get unlimited access
Subscribe
Already a subscriber? Login