Question

i
What is the importance of trade?​

Answer 1

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.

Answer 2

Answer:

trade is the main aspect of establishing good relations with other countries

Explanation:

trade means ..sell and buy goods .. in order to make good relations with each other ..and maoe our own country prosper