Question

how does international trade affect the economy of the country​

Answer 1

Answer:

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Explanation:

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.

Answer 2

International trade affects the internal economy of a country by changing its economic dynamics.

Explanation:

1. International trade is an economic concept that has affected almost all the countries around the world.
2. International trade increases the inflow as well as the outflow of goods and services in an economy. This might result in an abundance of goods or a shortage of goods in the home country.
3. The economy is boosted by international trade as it provides more goods and services in the economy at competitive prices.
4. International trade also provides a lot of employment generation due to which the internal economy is strengthened.