ch.1 introducionch.1 introductionch.1 introductionch.1 introduction.pptVIP

One service may be supplied in four ways Through an office maintained in the client’s country Through a visit to him by his foreign client By mail By a personal visit to that country Services of a professional adviser Others by their nature cannot: A tourist can only enjoy a foreign country’s beach by going there. Street cleaning services must be supplied on the spot. 2. Favorable balance of trade and unfavorable balance of trade The difference between the monetary value of EXPORTS and IMPORTS of output in an economy over a certain period. Favourable balance of t