Why do countries trade, and what benefits do they receive from trading? Give two examples of benefits you receive from international trade.
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Countries trade with another country inorder to have inorder to have a specific resources which they don't have in their country to satisfy their wants
Benefits of Trading:
1. Increases income
2. Longer production
3. Lower competition
4. Benefits of Currency exchange
5. Disposal of surplus goods
Two examples of benefits that we receive from international trade:
1. Petroleum products
2. Electronic products
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