Résumé
Study on free trade. Globalisation includes, as part of its definition, the concept of free trade, which is an increasingly constant phenomenon all over the world. Many people think that free trade is the best way of conducting international trade.
Outline:
Introduction
I) Factor of production
A. Production possibility frontier
B. Why study economics for business ?
II) The values of economics
A. The market system
B. Demand, supply and price determination
III) Globalisation
IV) Protectionism and trade liberalisation