Question

Suggest some measures to minimize the disadvantages of internal trade

Answer 1

Answer:

Advantages of International Trade:

(i) Optimal use of natural resources:

International trade helps each country to make optimum use of its natural resources. Each country can concentrate on production of those goods for which its resources are best suited. Wastage of resources is avoided.

(ii) Availability of all types of goods:

It enables a country to obtain goods which it cannot produce or which it is not producing due to higher costs, by importing from other countries at lower costs.

(iii) Specialisation:

Foreign trade leads to specialisation and encourages production of different goods in different countries. Goods can be produced at a comparatively low cost due to advantages of division of labour.

I hope it helps you.

❤❤❤PLEASE MARK ME AS A BRAINLISY.❤❤❤

Answer 2

Answer:

Advantages and disadvantages of internal trade

• There are no problems related to tariffs and exchange rates.

• Shipping costs may not be there at all, or may be very low.

• It helps to create more jobs within the country.

• It facilitates the exchange of goods within the country.

• It helps in the growth of the economy.

Hope it helps u !