What is static gains and dynamic gais from international trade?
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Static gains are the most important part of the trade.
Static gains refers to that gains which increase the social welfare of the country as well as help in growth of the country in every field..
Dynamic gains also plays an important role in this.. But
It refers that gains which increase the economic growth of the country...
And helps to achieve a better earnings
Static gains refers to that gains which increase the social welfare of the country as well as help in growth of the country in every field..
Dynamic gains also plays an important role in this.. But
It refers that gains which increase the economic growth of the country...
And helps to achieve a better earnings
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Explanation:
Answer:
Dynamic gains from trade, are those benefits which accelerate economic growth of the participating countries. Static gains are the result of the operation of the theory of comparative cost in the field of foreign trade. ... Dynamic gains from trade relate to economic development of the economy.
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