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Assignment 1
Answer all the following questions. (Each answer should be between 1.5 – 2 pages, please include in-text citations and a full reference list at the end).
Question 1 (This question provides evidence for grading criterion 4.1)
Discuss the implications of international trade to the Libyan economy and its impact on businesses small and large.
international trade
Is the exchange of products between countries all over the world, not only on a local scale international trade Influenced at competitive prices in the global market international trade Influenced on the world economy Small countries cannot compete in international trade to the lack of money for it the seeks states Export of raw materials like oil, metals and precious stones For the financial resources for the major states The countries also affected in international trade Because countries are trying to be the best in the world in the export of products So they are put competitive prices So prices are affordable for the consumer .
the implications of international trade in Libya
Libya affected by international trade because in Libya there is no export of many products and Libya exchanges most of their products with neighboring countries such as