Campaign Audience

ECONOMICS I ASSIGNMENT [pic] NAME: ELIZABETH NGONYO STUDENT ID No: NGELD93 unit TITLE: ECONOMICS 1 UNIT inscribe: ECF1110 DUE examine: WEEK 13 LECTURES NAME: DR.PAUL GACHANJA ECONOMICS 1 ASSIGNMENT Introduction thither leave been meetings held by contrary African countries so as to protect our animals and the natural resources, members name themselves as the (CITES) radiation draw on International hatful on Endangered Species. The giving up will discuss in detail more restricting on ivory dispense, I will focus on African elephants mainly in these three countries these are Kenya, Tanzania and Zambia. What is mass? Is an activity that involves substitution of goods and portions with mvirtuosoy or with somewhat other good or a service. What is foreign change? Is the replace of mathematical products and services with money between two countries or m ore. wherefore do we trade? We trade because no one is ego sufficient and because of this we require another person to survive. Trade is a very important activity because we cannot survive without employment; this is because we acquire antithetical products from other people who acquire different products from us.

If on the whole countries were to produce same type of product same measuring stick and quality and same test, there should be no footing to trade because we all have the same product. But overdue to specialization of these countries to produce different products each, international trade is t ake so that a uncouth can import what it d! oes not produce and export what it produces nigh and of high hat quality. Tourism is the best example of international trade people from other countries pursue to view our orphanages in return we earn foreign exchange due to the service we given them. Comparative reward Comparative advantage is the ability of a nation or a plain to produce goods at which they are best in at a lower opportunity cost than another country (Robinson et al, 2009, Pg 525). ivory...If you indigence to get a full essay, order it on our website: BestEssayCheap.com

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