Why isn't trade among countries like a game with some winners and some losers?
Answers
Answered by
6
Trade is not a game of winners and losers in the world.
Explanation:
- As different states have different human, natural and capital resources, so they have different ways to utilize these resources.
- Not all countries are equally good at producing goods and services according to their interests and demands.
- Some countries produce goods and services at lower opportunity cost while others at higher.
- So, it's not a game but varies according to the resources and interests of countries.
Learn more about International Trade here:
What is the basis for international trade
https://brainly.in/question/12071519
Similar questions