Economy, asked by vini62, 9 months ago

explain how foreign trade is beneficial to buyers or customers?​

Answers

Answered by powerrangers3838
9

Answer:

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.

Answered by RITURAJage15
4

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

i hope ANS was help full for you

Similar questions