Question

what is trade? explain the importance of international trade?

Answer 1

Trade is the interconnection of various countries. International trade plays a very important role because; It opens the global market for producers. It enhances the variety of goods for consumers. It helps in advancement of technology.

Answer 2

The Action of buying and selling goods and services Is called Trade.

When Trade take place across the Country, it's international trade .

Here are some importance of international Trade .....
Because of international trade the trading partners gets goods cheaper than otherwise Because every Country produce those goods in the production of which it has to occur less Comparative Cost.