Question

how do Producers and Consumers benefit for from foreign trade economics

Answer 1

Producers got a chance to compete not only in there own markets but also in the markets of other countries. It brings new and different choices for the consumers . Foreign trade helps every country to make optimum use of its natural resources.Foreign trade enables a country to obtain goods, which they cannot produce in their country

Answer 2

Producers get benifit by selling their products not only in their market but also to the other countries market nd helps them to make more profit..
Nd consumer get benifit by buying the goods in low coat as compare to the products made in their own country..