"Nor in truth, can Forreign Trade subsist without the Home Trade, both being connected together"
- Dudley North
About this Quote
This quote by Dudley North recommends that the 2 types of trade, foreign and house trade, are inextricably linked. North suggests that foreign trade can not exist without home trade, and vice versa. This is because foreign trade depends on the production of items and services within the house nation, and house trade depends on the import of products and services from foreign nations. Without the production of products and services within the house nation, foreign trade would not have anything to export. Similarly, without the import of items and services from foreign nations, home trade would not have anything to offer.
North's quote highlights the importance of both foreign and home sell the global economy. It recommends that both kinds of trade are required for economic growth and advancement. By stressing the interconnectedness of foreign and house trade, North is highlighting the significance of global trade and cooperation. He is suggesting that countries ought to strive to preserve strong trading relationships with other nations in order to guarantee economic success.
This quote is written / told by Dudley North between May 10, 1641 and December 31, 1691. He/she was a famous Economist from England.
The author also have 9 other quotes.