Question

Why is International trade important?​

Answer 1

Answer:

• International trade better for all countries than an attempt for each country to produce everything it needs
• It is more efficient to trade instead of doing it on your own due to resources and scarcity.

Explanation:

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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.

International trade has occurred since the earliest civilisations began trading, but in recent years international trade has become increasingly important with a larger share of GDP devoted to exports and imports.

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