Question

What is the significance of international trade in terms of importing and exporting products between countries?

Answer 1

Answer:

International trade is the exchange of goods and services between countries. Trading globally gives consumers and countries the opportunity to be exposed to goods and services not available in their own countries, or more expensive domestically.

Answer 2

Question:-

What is the significance of international trade in terms of importing and exporting products between countries?

Answer:

International trade is the exchange of goods and services between countries. Trading globally gives consumers and countries the opportunity to be exposed to goods and services not available in their own countries, or more expensive domestically.

Explanation:

Exports and imports are important for the development and growth of national economies because not all countries have the resources and skills required to produce certain goods and services. Nevertheless, countries impose trade barriers, such as tariffs and import quotas, in order to protect their domestic industries.

Hope it's helful uh follow me & Mark me as brainlist plsツ