Sociology, asked by pratikacharya, 1 year ago

Define trade diversification ?

Answers

Answered by paroshnee18
1

Answer:

trade diversion is an economic term related to international economics in which trade is diverted from a more efficient exporter towards a less efficient one by the formation of a free trade agreement or a customs union. Total cost of good becomes cheaper when trading within the agreement because of the low tariff.

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Answered by kepchhakikamal
0

ANSWER IS HERE

The trade of various goods and services in a country with another country or countries is called diversification of trade.

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