Explain any one benefit of removing 'Trade Barriers'.
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Some benefits are:--
Increased exports. ...
Economies of scale. ...
Increased competition. ...
Trade is an engine of growth. ...
Make use of surplus raw materials. ...
Tariffs may encourage inefficiency.
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Answer:
One of the Benefits of removing trade barriers are : Economies of scale
Explanation:
Economies of scale
If countries can specialise in certain goods they can benefit from economies of scale and lower average costs; this is especially true in industries with high fixed costs or that require high levels of investment. The benefits of economies of scale will ultimately lead to lower prices for consumers and greater efficiency for exporting firms.
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