Teaching DSSSB PGT Mock Test 2025 Business Environment and International Business Socio-cultural factors and their influence on business Theories of international trade
The New Trade Theory focuses on:
1
Traditional theories of international trade, emphasizing absolute and comparative advantages.
2
Increasing returns to scale and network effects in shaping trade patterns.
3
The role of government intervention in trade policies.
4
Cultural factors influencing international trade decisions.