Flow Of Products

Question 1

How is international movement of products made easier?

Answer 1

Reduction in trade costs.
Transactions.
Tariffs.
Transport time and costs.

Question 2

Transaction costs.

Answer 2

Reduced.
Improvements in flows of data.
Ease of capital being transferred to pay transactions.

Question 3

Transport and time.

Answer 3

Costs reduced by containerisation - long distance flows of products.
Air transport with speeds delivery.

Question 4

Tariffs

Answer 4

Reduced.

This has been encouraged by world trade organisation.