Q.4) Write in your own words 1) State the need / importance of trade. Your answer
Answers
Answer:
get a chance you could have been in the yard and I have no idea
do
Trade is critical to America's prosperity - fueling economic growth, supporting good jobs at home, raising living standards and helping Americans provide for their families with affordable goods and servicesInternational trade between different countries is an important factor in raising living standards, providing employment and enabling consumers to enjoy a greater variety of goods.International tradeallows countries to expand their markets and access goods and services that otherwise may not have been available domestically. As a result of international trade, the market is more competitive. This ultimately results in more competitive pricing and brings a cheaper product home to the consumer.The importance of trade is:
1. No country can survive without international trade because resources are space bound. 2. Advancement of international trade of a country leads to its economic prosperity because such a trade provides so many jobs to workers as well as business to traders.
hope it helps you
follow please