Enlighten_me
New member
- Jun 18, 2026
- 0
- 0
Hi I encountered the phrase open to textile trade. By any chance, does this refer to a free trade exclusive only for textile?
If it is a free trade, that would mean there be no tariffs on the trade of textile. Therefore, the country exporting textile will have an increase in demand for foreign countries. Does this make sense?
As for capital referred to in the trade portion of economics, capital is referred to as factor of production which is different from capital stock, the capital which we use fund operations, right?
If it is a free trade, that would mean there be no tariffs on the trade of textile. Therefore, the country exporting textile will have an increase in demand for foreign countries. Does this make sense?
As for capital referred to in the trade portion of economics, capital is referred to as factor of production which is different from capital stock, the capital which we use fund operations, right?