Question

Mention any four reasons for the need of international trade.

Answer 1

Answer:

a. to increase foreign exchange

b.to fulfil the needs of people

c.to make the relationship between nations peacful

d. to promote mutual cooperation among all countries.

Answer 2

international trade is important for nations to develop their own natural resources and to participate in the global economy. Countries can only use so much of any given product. Americans, for example, are not able to consume all of the crops it grows each year.