Social Sciences, asked by manojdharmabhai7352, 4 months ago

how the international trade play a important role​

Answers

Answered by moregorakh5859
0

Answer:

In the absence of any specific new financial commitment for implementation under the FfD outcome, international trade as a catalyst for growth and employment creation is likely to play a critical role in achieving the SDGs. Trade is not considered to be an end in itself under the SDG framework but rather a means of supporting implementation

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Answered by ItzNorah
13

Hi mate:

Question

How the international trade play a important role

Answer:

  • Trade increases competition and lowers world prices, which provides benefits to consumers.

  • By raising the purchasing power of their own income, and leads a rise in consumer surplus.

  • Trade also breaks down domestic monopolies, which face competition from more efficient foreign firms.

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