Triangular trade
From Mises Wiki, the global repository of classical-liberal thought
Triangular trade is a foreign trade situation in which the flow of trade is balanced among three countries, as A exports to B, B exports to C, and C exports to A. The term triangular trade is often used to symbolize the fact that most foreign trade is more complicated than the simple assumption of an even balance of the exports and imports moving between every two countries trading with each other.[1]
References
- ↑ Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-08-24.
