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Product Liability actually refers to a manufacturer or seller being held liable for placing a defective product into the hands of a consumer. It is…

Cash Crop is a crop that is grown mainly to be sold, rather than used by the people who grew it or those living in…

Merchant Bank actually experts in international trade, which makes them specialists in dealing with multinational corporations. It may also perform some of the same services…

Linder Hypothesis is a terms of economics, which was proposed by Staffan Linder in 1961. It suggests countries will specialize in the production of certain…

This article describe about International Factor Movements, which occur in three ways: immigration/emigration, capital transfers through international borrowing and lending, and foreign direct investment. It…

Free On Board is a term in international commercial law, which was also called collect freight, freight collect, or freight forward. It is a trade…

Forfaiting is a type of export financing, where a forfaitor purchases freely-negotiable instruments at a discount from an exporter. It is most commonly used in…

Foreign Exchange Option is a derivative financial instrument that gives the right but not the obligation to exchange money denominated in one currency into another…

Wage Insurance is usually proposed as a response to outsourcing and the effects of globalization, although it could equally be proposed as a response to…

This article describe about Trade Finance, which has been reviewing the global trade market since 1983. It includes such activities as lending, issuing letters of…

Geographical Pricing also called “zone pricing” is common in the gasoline industry. In marketing, it is the practice of modifying a basic list price based…

Absolute Advantage can be hard to measure for many complicated goods, because there are many different factor inputs. It is the ability of a country,…