Question

outline the importance of trade? answer in brief​

Answer 1

Explanation:

The exchange of goods among people, states and countries is referred to as trade. The international trade is important because it helps in improving the quality of domestic goods. It contributes to the economic growth of the country by raising income level of the people and increasing foreign exchange reserves...

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Answer 2

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Trade in Simple is the Movement Of Goods and services from one place to another.

Trade Has Contributed many Growth and increase in the Economy of a country. Importantance of trade are as follows.

1. Trade Provides An Interlink Between any two states or Cities or even Countries.
2. It provides A variety of Goods And Services to the Customers and With a huge collections at a lower Prices.
3. Trade can also create many employment opportunities.
4. It is considered as the Economic Barometer of the Country and helps in the development of the State.
5. It allows Many Countries to expand their markets and shares.As a Result of trade there is a stik competition in the market.
6. Countries which open such international trades has succeeded in Rising the productivity and the higher income and better life Quality to their people.
7. Trade is an Ultimate Goal to end Global Poverty