Question

what benefit does domestic trade have on developing countries

Answer 1

Trade liberalization seems to have increased growth and income in developing countries over the past thirty years, through lower prices, firm-level efficiency gains and improved access to foreign inputs

Answer 2

Answer:

They may obtain gains through resource allocation according to comparative advantage; the exploitation of economies of scale and increased capacity utilization; improvements in technology; increases in domestic savings and foreign direct investment; and increased employment. These are the reasonz that domestic trade have benefitted on developing countries.

Explanation:

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