Highlight four difficulties encountered in international trade

      

Highlight four difficulties encountered in international trade

  

Answers


Kavungya
-Language barrier
-Difference in weights and measurement leading to complication in transactions
-Difference in currency value
-Long distance involved
-Immobility of factors of production
-Restrictions and controls imposed by different countries eg quotas, tariffs and exchange controls.
-Exporters and importers lacking knowledge of foreign markets.
Kavungya answered the question on September 25, 2019 at 08:14


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