whay is Trade per Capita mean?
108601
Is means per a certain amount of things. for example, You could say there are more Guitar makers in VT Per capita. that means other states have more guitar makers but they're talking about capita wich means there are more guitar makers in VT out of a surtant amount of people!
47184
The Standard of living refers to the quality and quantity of goods and services available to people. It is generally measured by real (i.e. inflation adjusted) income per person, although sometimes other measures may be used; examples are access to certain goods (such as number of refrigerators per 1000 people), or measures of health such as life expectancy.
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GDP (purchasing power parity): $161 billion (2005 est.)  \nGDP (official exchange rate):  $104.5 billion (2005 est.)  \nGDP - real growth rate: 3.9% (2005 est.)  \nGDP - per capita (PPP): $16,100 (2005 est.)  \nGDP - composition by sector:\nagriculture: 3.9% \nindustry: 30.9% \nservices: 65.3% (2005 est.)
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International trade is the exchange of goods and services across international boundaries or territories. In most countries, it represents a significant share of GDP. While international trade has been present throughout much of history (see Silk Road, Amber Road), its economic, social, and political importance has been on the rise in recent centuries. Industrialization, advanced transportation, globalization, multinational corporations, and outsourcing are all having a major impact. Increasing international trade is the usually primary meaning of "globalization".\nInternational trade theory\nSeveral different models have been proposed to predict patterns of trade and to analyze the effects of trade policies such as tariffs.\nRicardian model\nThe Ricardian model focuses on comparative advantage and is perhaps the most important concept in international trade theory. In a Ricardian model, countries specialize in producing what they produce best. Unlike other models, the Ricardian framework predicts that countries will fully specialize instead of producing a broad array of goods. Also, the Ricardian model does not directly consider factor endowments, such as the relative amounts of labor and capital within a country.\nHeckscher-Ohlin model\nThe Heckscher-Ohlin model was produced as an alternative to the Ricardian model of basic comparative advantage. Despite its more complex and accurate predictive power, it also had an ideological mission: the elimination of the labor theory of value and the incorporation of the neoclassical price mechanism into international trade theory. The theory argues that the pattern of international trade is determined by differences in factor endowments. It predicts that countries will export those goods that make intensive use of locally abundant factors and will import goods that make intensive use of factors that are locally scarce.\nGravity model\nThe Gravity model of trade presents a more empirical analysis of trading patterns rather than the more theoretical models discussed above. The gravity model, in its basic form, predicts trade based on the distance between countries and the interaction of the countries' economic sizes. The model mimics the Newtonian law of gravity which also considers distance and physical size between two objects. The model has been proven to be empirically strong through econometric analysis. Other factors such as income level, diplomatic relationships between countries, and trade policies are also included in expanded verisions of the model.\nRegulation of international trade\nTraditionally trade was regulated through bilateral treaties between two nations. For centuries under the belief in Mercantilism most nations had high tariffs and many restrictions on international trade. In the 19th century, especially in Britain, a belief in free trade became paramount and this view has dominated thinking among western nations for most of the time since then. In the years since the Second World War multilateral treaties like the GATT and World Trade Organization have attempted to create a globally regulated trade structure.\nCommunist and socialist nations often believe in autarky, a complete lack of international trade. Fascist and other authoritarian governments have also placed great emphasis on self-sufficiency. No nation can meet all of its people's needs, however, and every state engages in at least some trade.\nFree trade is usually most strongly supported by the most economically powerful nation in the world. The Netherlands and the United Kingdom were both strong advocates of free trade when they were on top, today the United States, the United Kingdom and Japan are its greatest proponents. However, many other countries - including several rapidly developing nations such as India, China and Russia - are also becoming advocates of free trade.\nTraditionally agricultural interests are usually in favour of free trade while manufacturing sectors often supp
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sounds like someone has an economics exam coming up. \nProbably has something to do with employment rates and consumerism.   the ability of the population to keep the economy rolling, by having positive cash flow.
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Trade is a powerful bargaining tool for a country in need of military hardware and technology.  It is a weapon being used by China to force the USA to supply its military.  Americans beware of the future in China's development.
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google trade map and market access map, sign up for free trial. also unctad has some some data
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The answer lies in the basic economic principle of specilization according to comparative advantage and then trading.  The same idea applies to interstate trade, and international trade.  Comparative advantage says that even though one state or nation may be better at producing two goods than another state or nation, they should specialize in the good in which they have the largest production advantage, and the other state or nation should specialize in the good in which they have the least disadvantage.  This means that the first state or nation could have the absolute advantage (be most efficient compared to the other country) in both goods being produced, but still have an incentive to trade because of the theory of comparative advantage.  Hopefully this answers your question.  If you're working on homework and need more clarification you can email me at studyeconomics@yahoo.com.  I'm a Business Management and Economics major, so I would be happy to clarify any of this if you need it.
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False. If this was how GDP was calculated, 2 firms could infinitely trade products, spending the money they make to buy their products back, and be increasing the GDP. Doesn't matter if you don't understand that, but just remember, FALSE
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GDP (PPP) 2005 estimate\n • Total $1.077 trillion (11th)\n • Per capita $32,800 (16th)
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Globalization is expanding trade between countries throughout the world, but not just trade as in material goods, but culture and knowledge too. The positives are that things tend to become cheaper in general, and relations between countries improve, and cultural trade increases, so people tend to become more tolerant and smarter. The negatives are that industries in a certain country might disappear because of competition from other countries (like fruits in America due to competition from Mexico, for example), and that people tend to become less tolerant because they're forced to meet more people that they'd rather not. So, it's good in general, but bad for certain groups, and these certain groups are large enough that their issues need to be considered.
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It's not going to be that different from a traditional economy.  They have a community and traders like most countries.  It's just a smaller realm of goods.  There's a study here: http://www.cba.uc.edu/econed/LatestAmishBrochure.pdf
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global meaning the world and trading meaning selling and buying goods. so the definition of global trading is selling and buying goods/products throughout the world.
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because trade is based on currency
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I think as World Output goes up Trade goes up.
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A sum of average wages in every country multiplied by number of employed in every of them... If to count only legally working persons.\n\nADDITION taking into account other answers: currency matter little - almost all products move all over the world now. Another thing that some people evaluate the same services more or less. Mostly because of lower investment into their self-esteem and education... That makes one countries even more poor than they could be.
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You better understand correcly the name of the cordenates afterwards you must look at the chart and identify the trend, then you make your conclusion.\n\nexample: Y´s population of the world, X´s income per head\nthe chart is showing some countries with lower bars than others... Conclusion, some countries have a higher income than others...