Question

what is international trade write its importance

Answer 1

Answer:

International trade is referred to as the exchange or trade of goods and services between different nations.

International trade allows countries to expand their markets and access goods and services that otherwise may not have been available domestically.

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Answer 2

❣Answer❣

International trade between different countries is an important factor in raising living standards, providing employment and enabling consumers to enjoy a greater variety of goods.World exports of goods and services have increased to $2.34 trillion ($23,400 billion) in 2016.

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