How is trade affected by affordable transportation?
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Also, the transportation costs affect the pattern of trades. The decrease of the cost will increase the range of goods available for International trade. In other words, it will extend the margin of trade. The potential diversification arises and more goods become tradable.
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Answered by
1
Also, the transportation costs affect the pattern of trades. The decrease of the cost will increase the range of goods available for International trade. In other words, it will extend the margin of trade. The potential diversification arises and more goods become tradable.
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