Question

explain any three advantages of foreign trade

Answer 1

hello mate
It enables a country to obtain goods by importing which it cannot produce due to higher costs at home. Foreign tradeleads to specialize in the production of goods. Specialization leads to lowering of costs and improving the quality of goods. The countries therefore, benefitfrom international trade.


Hope it may helps u

Answer 2

Hello Mate,


1.Maximum Use of Natural Resources÷Its helps country to product more goods in this way it helps in use of maximum resources...

2.Availability of Goods÷It helps a country to obtain goods by importing which it cannot produce due to higher costs at home....

3.Stability in Prices÷Foreign trade equalizes prices of goods throughout the world....


Hope this helps you