Explain with examples the major concerns related to international trade?
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Due to long distance between different countries, it is difficult to establish quick and close trade contacts between traders. ... There is a great time lag between placement of order and receipt of goods from foreign countries. Distance creates higher costs of transportation and greater risks.
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International trade is the exchange of goods and services between countries. Trading globally gives consumers and countries the opportunity to be exposed to goods and services not available in their own countries, or more expensive domestically.
consumer goods, such as television sets and clothing; capital goods, such as machinery; and raw materials and food. these are examples
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