What is the pattern of trade?
What is the pattern of trade?
The pattern of trade describes which goods and services a country imports and exports, and the countries with which it trades. It therefore has two dimensions: the composition of trade and the direction of trade.
Step-by-step lessons on Edexcel A A Level Economics 4.1.3 Pattern of trade. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.