Question

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Exercise
Answer answers question
What is the importance of trade?​

Answer 1

Answer:

Trade increases competition and lowers world prices, which provides benefits to consumers by raising the purchasing power of their own income, and leads a rise in consumer surplus. Trade also breaks down domestic monopolies, which face competition from more efficient foreign firms

Answer 2

Answer:

The importance of trade is very useful in our lives.without trade life is not developed because trade is that one person given to the another person and another person given to other person . which means exchange of goods which profit for consumers