Could trade help reduce poverty in brazil and other developing countries.
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There was good reason for the global concern. A nuclear war was all too imminent – a war that might "destroy the Northern Hemisphere", President Eisenhower had warned. Kennedy's own judgment was that the probability of war might have been as high as 50%. Estimates became higher as the confrontation reached its peak and the "secret doomsday plan to ensure the survival of the government was put into effect" in Washington, described by journalist Michael Dobbs in his recent, well-researched bestseller on the crisis – though he doesn't explain why there would be much point in doing so, given the likely nature of nuclear war. Dobbs quotes Dino Brugioni, "a key member of the CIA team monitoring the Soviet missile build-up", who saw no way out except "war and complete destruction" as the clock moved to One Minute to Midnight – Dobbs' title. Kennedy's close associate, historian Arthur Schlesinger, described the events as "the most dangerous moment in human history". Defense Secretary Robert McNamara wondered aloud whether he "would live to see another Saturday night", and later recognized that "we lucked out" – barely.
A closer look at what took place adds grim overtones to these judgments, with reverberations to the present moment.
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Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money. according to Jawed Fazli business can be difine like: any kind of activity which take place for the purpose of earning money is called business. A system or network that allows trade is called a market.
The original form of trade and business barter, saw the direct exchange of goods and services for other goods and services.[need quotation to verify] Barter involves trading things without the use of money.Later one bartering party started to involve precious metals, which gained symbolic as well as practical importance. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buyingcan be separated from selling, or earning. The invention of money (and later credit, paper money and of non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade between more than two traders is called multilateral trade.
Trade exists due to specialization and the division of labor - a predominant form of economic activity in which individuals and groups concentrate on a small aspect of production, but use their output in trades for other products and needs.[dead link] Trade exists between regions because different regions may have a comparative advantage(perceived or real) in the production of some trade-able commodity—including production of natural resources scarce or limited elsewhere, or because different regions' size may encourage mass production. As such, trade at market prices between locations can benefit both locations.
Retail trade consists of the sale of goods or merchandise from a very fixed location(such as a department store, boutique or kiosk), online or by mail, in small or individual lots for direct consumption or use by the purchaser. Wholesale trade is defined[by whom?] as traffic in goods that are sold as merchandise to retailers, or to industrial, commercial, institutional, or other professional business users, or to other wholesalers and related subordinated services.
The original form of trade and business barter, saw the direct exchange of goods and services for other goods and services.[need quotation to verify] Barter involves trading things without the use of money.Later one bartering party started to involve precious metals, which gained symbolic as well as practical importance. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buyingcan be separated from selling, or earning. The invention of money (and later credit, paper money and of non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade between more than two traders is called multilateral trade.
Trade exists due to specialization and the division of labor - a predominant form of economic activity in which individuals and groups concentrate on a small aspect of production, but use their output in trades for other products and needs.[dead link] Trade exists between regions because different regions may have a comparative advantage(perceived or real) in the production of some trade-able commodity—including production of natural resources scarce or limited elsewhere, or because different regions' size may encourage mass production. As such, trade at market prices between locations can benefit both locations.
Retail trade consists of the sale of goods or merchandise from a very fixed location(such as a department store, boutique or kiosk), online or by mail, in small or individual lots for direct consumption or use by the purchaser. Wholesale trade is defined[by whom?] as traffic in goods that are sold as merchandise to retailers, or to industrial, commercial, institutional, or other professional business users, or to other wholesalers and related subordinated services.
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