- Local trade
- Regional trade
- International trade
ii) Outline four factors that influence trade
- Differences in natural resources in the world indicate that no single region can produce all the
commodities needed to satisfy its people hence the need to trade.
- Population affects the volume of trade transacted in different regions. A large population provide
a widen market for local or foreign trade.
- Demand and supply outlined the kind of trade that can take place between the coutries of the
world. The more the demand the higher the supply.
- Nature of exports and imports which are mainly manufactured goods this may lead
gideon1 answered the question on October 4, 2017 at 05:00
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