History, asked by abhayendra4800, 10 months ago

Identify consequences of international trade

Answers

Answered by cadanishbhardwaj
0

Answer:

International trade is known to reduce real wages in certain sectors, leading to a loss of wage income for a segment of the population. However, cheaper imports can also reduce domestic consumer prices, and the magnitude of this impact may be larger than any potential effect occurring through wages.

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