If you buy something to be delivered to me - for my use - then you, I and the supplier form the triangle.
Under normal trade, the money and goods (or services) travel between two people in opposite directions and it is all neatly balanced. But here, money will flow from you to the supplier, the goods will go from the supplier to me. Nothing - apart from goodwill - will go from me to you!
This is of particular importance in international trade where you, I and the supplier are based in three different countries. In "normal" trade, as described above, the two sides of the transaction are balanced so that the export of goods from country A to country B is matched by the a flow of money from B to A. And the current account of the bilateral balance of payments is, as the name suggests, in balance. But in triangle trade this does not happen.
Any three points anywhere in space can be the vertices of a triangle, as long as all three are not colinear.
False. Three collinear points determine a line while three non-collinear points determine a plane ( A Triangle)
well yes, obviously. A triangle constitutes of three points, and you can always find a plane that traverses those three points.
A triangle? Three lines that intersect in three points.
Trade triangle is the historical term telling the trade among three ports or regions. The trade triangle usually evolves when a region has export commodities.
There are many ways in which you could explain the triangle trading method. You have three points of trade that cycle.
Any three points anywhere in space can be the vertices of a triangle, as long as all three are not colinear.
Vertices
It's called a "triangle". All of them have three points.
False. Three collinear points determine a line while three non-collinear points determine a plane ( A Triangle)
The three points in the fire triangle are fuel, heat and oxygen. To stop a fire you need to take one of those elements away from the triangle :)
no
well yes, obviously. A triangle constitutes of three points, and you can always find a plane that traverses those three points.
A triangle? Three lines that intersect in three points.
Three non-collinear points do not determine a unique spherical triangle.
Trade triangle is the historical term telling the trade among three ports or regions. The trade triangle usually evolves when a region has export commodities.
They are the three points at which the sides of a triangle meet - in pairs.