Explain and illustrate using diagrams which factors influence a country’s level of exports and imports.
A countries exports and imports can be influenced by the balance between the price competitiveness and non price competitiveness.
Competitiveness can be explained as the price of exported goods to the countries in which the commodities have been exported to. This is majorly considered by the difference in the exchange currency. There has to be a balance between the currency of the country exporting goods and the country that will be receiving the exported goods. This will affect the price of that commodity in the ...
