what are the advantages of traders over producer?
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foreign trades brings many new technologies with them which helps the producers. producers got a chance to compete not only in there own markets but also in the markets of other country's. it brings new types of choice for the consumers .
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A person has a comparative advantage at producing something if he can produce it at ... Trade allows specialization based on comparative advantage and thus undoes ... Trading countries both achieve gains from trade: Foreign Trade, or The ...
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