Wednesday, November 11, 2015

Around The World Trading.

International trades touch us all. We drink soda from cans made of aluminum mined in Australia, wear shoes made in Europe, eat fruit from South America, build machinery from steel milled in Asia, wear clothes made from African cotton, and live in homes built from North American wood. Before you start, think about what you want to accomplish as a trader:
1. Or do you want to focus on buying the raw materials for a particular industry?
2. Do you want to buy the widest range of goods to satisfy diverse consumer tastes at home?
3. Do you want to build up as much wealth as you can by selling as much of your commodities as you can?
We take it for granted, yet before we can enjoy these products and materials, traders must negotiate prices and deliver the goods through a network of relationships. Watch how the global economy is doing: the prices you'll be able to get and the deals you can make depend on how healthy the global economy is. Play this game to experience the challenges and excitement of international trade. See if you can get the best price for the goods you sell and the biggest bargains for the goods you buy.