explain how foreign trade is beneficial to buyers or customers?
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Explanation:
Trade promotes economic growth, efficiency, technological progress, and what ultimately matters the most, consumer welfare. By lowering prices and increasing product variety available to consumers, trade especially benefits middle- and lower-income households.
This case both are getting benefits.
Consumer gets various number of products.
Seller gets profits.
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Answer:
Trade promotes economic growth, efficiency, technological progress, and what ultimately matters the most, consumer welfare. By lowering prices and increasing product variety available to consumers, trade especially benefits middle- and lower-income households
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