Chapter 2- Global Marekst

Question 1

Determinants od international competitiveness

Answer 1

• Trade Liberalisation- removing Trade barrier
• Establishing free Trade Agreement
• Structural Change
• Individual Demand

Question 2

Explain the concept of international competitiveness

Answer 2

International competitiveness refers to the ability of a country to design,produce, and markets goods and services that those of other countries.