Question

Foreign Trade leads to rapid economic development and higher rate of growth in national income.​

Answer 1

Answer:Trade is central to ending global poverty. Countries that are open to international trade tend to grow faster, innovate, improve productivity and provide higher income and more opportunities to their people. Open trade also benefits lower-income households by offering consumers more affordable goods and services.

Explanation:

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Answer 2

Answer:

Foreign trade enlarges the market for a country's output. Exports may lead to increase in national output and may become an engine of growth. Increased foreign demand may lead to large production and economies of scale with lower unit costs.