Question

what are the reasons for the development of trade relations between east and the west ?​

Answer 1

Explanation:

Trade can be divided into following two types:

* Internal or Home or Domestic trade.

* External or Foreign or International trade

Answer 2

Answer:

The advantages of trade between East and West

Trade increases competition and lowers world prices, which provides benefits to consumers by raising the purchasing power of their own income, and leads a rise in consumer surplus. Trade also breaks down domestic monopolies, which face competition from more efficient foreign firms.

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