How does an increase in the number of product varieties benefit an importing country?
Answer: Global trade in the form of Import from various destinations(Countries) brings in different variations of a single commodity. This provides customers with a broader range of options that will not only boost their quality of life but will help the country develop as a whole as well.
Example: Dubai has emerged as a tourist destination for shopping, as Dubai imports variety of goods from across the world and attracts tourists for a shopping destination.
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