Question

How do you feel about international trade?

How do you feel about international trade?

Homework Answers

Answer #1

International trade in simple words is the when two or more country is involved in import and export of goods and services, with the medium of exchange then it is said that trade is international

In today's globalized world international trade cannot be ignored for any country to stay competitive

Benefits of international trade are-

1. It helps mutually both the countries that are involved in it

2. It generated and employment and jobs

3. It helps in connecting with the rest of the world

4.increasing in revenues

So overall international trade is very beneficial and profitable in today's world

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