Question

importance of trade ​

Answer 1

Answer:-

trade can be a key factor in economic development the prudent use of of trade can boost a country's development and create absolute gains for the trading partner involved tread has been touted as an important tool in the path to development by prominent economist .

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Answer 2

Answer:

Trade increases competition and lowers world prices,which provided benefits to consumers by raising the purchasing power of their own income,leads a rise in consumer surplus.Trade also breaks down domestic monopolies,which face competition from more efficient foreign firms.