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Ivory traders, c. 1912. The ivory trade is the commercial, often illegal trade in the ivory tusks of the hippopotamus, walrus, narwhal, [1] black and white rhinos, mammoth, [2] and most commonly, African and Asian elephants. Ivory has been traded for hundreds of years by people in Africa and Asia, resulting in restrictions and bans.
Balance of trade. Balance of trade is the difference between the monetary value of a nation's exports and imports over a certain time period. [1] Sometimes a distinction is made between a balance of trade for goods versus one for services. The balance of trade measures a flow variable of exports and imports over a given period of time.
e. The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent. As of 2019, approximately 1.3 billion people [ 11 ] were living in 53 countries in Africa. Africa is a resource-rich continent. [ 12 ][ 13 ] Recent growth has been due to growth in sales, commodities, services, and manufacturing. [ 14 ]
Kenya typically has a substantial trade deficit. The trade balance fluctuates widely because Kenya's main exports are primary commodities subject to the effects of both world prices and weather. In 2005 Kenya's income from exports was about US$3.2 billion. The payment for imports was about US$5.7B, yielding a trade deficit of about US$2.5B. [70]
A trade deficit occurs when a country imports more than it exports — and that’s a good thing for a national economy.Or a terrible thing. Or it might not matter one way or the other. Trade ...
Free trade is a trade policy that does not restrict imports or exports. In government, free trade is predominantly advocated by political parties that hold economically liberal positions, while economic nationalist and left-wing political parties generally support protectionism, [1][2][3][4] the opposite of free trade.
As America's national debt nears the $35 trillion mark, BlackRock CEO Larry Fink has warned the country's growth must keep up in order to pay its bills—or risk passing on a huge, unaffordable ...
Trans-Saharan trade. Trans-Saharan trade is trade between sub-Saharan Africa and North Africa that requires travel across the Sahara. Though this trade began in prehistoric times, the peak of trade extended from the 8th century until the early 17th century CE. The Sahara once had a different climate and environment.