2. Write the need/importance of trade.
Answers
Answer:
the importance of trade is that it links relation between the seller and a buyer
i hope it helps you
Answer:
Trading is the process of exchanging one thing for another; a business of buying and selling goods and products.
Trade empowers people to buy goods and services that are not produced in their countries. In addition, revenues from the export of goods and services help determine the amount that can be spent on imports, as well as the amount of foreign credit that countries can afford.
Trade can stimulate a country's development
and economic growth. It helps create new jobs, improve living standards and empowers people to manage their lives.
International trade without barriers in the form of tariffs, quotas and government subsidies can benefit people in all countries, developed and developing alike.
As consumers, people are given the opportunity to choose goods of a wider range, higher quality and lower cost.
As sellers, people are able to sell their products in more markets.