INTERNATIONAL BUSINESS RELATIONS

International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational level.

It involves cross-border transactions of goods and services between two or more countries. Transactions of economic resources include capital, skills, and people for the purpose of the international production of physical goods and services such as finance, banking, insurance, and construction. International business is also known as globalization.

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