Get ready to set sail on the high seas of global trade! 🚢 🌐
💡Global trade = exchange of goods and services across international borders.
It's measured in terms of the value of the traded products. 📈💰
This trade can include everything from food to electronics, to services like tourism and banking! 📦💼
Countries share their best products and services with each other through global trade, and in return, they receive something valuable from others! 🎁🌍
💡Global trade agreement = treaty between 2+ nations outlining how they will work together in trade.
Global trade is crucial because it allows countries to access goods and services that may not be available or are expensive to produce domestically. 🚛🌽
For your investments, global trade can encourage competition and innovation. 💡
If your product isn't the best, countries will choose someone else's. 🚀
And there you have it! Now, you're a mini expert on global trade. 🕵️