write the importance and advantage of trade?
Answers
Answer:
Trade has always been important…Because no country can produce all the products and services that the population needs. To give you an example, imagine that each country is a person like yourself. You can’t build a modern house by yourself, you can’t make a car by yourself, you can’t generate the electricity by yourself. You rely on the services provided by other people. Others make the things you need, while you specialize in one service. Your work is a service to others, and others pay you for it.
Explanation:
Advantages of International Trade:
- International trade helps each country to make optimum use of its natural resources.
- Foreign trade leads to specialisation and encourages production of different goods in different countries.
- International trade irons out wild fluctuations in prices.
Answer:
Trading is an activity which is being done from a very early time in most of the parts of the world . Trading can be said important for common people , as the things which are not in a particular place , they can be brought from another place through Trading. Trading profit the traders and merchants as well as the people who are buying things from them .
Explanation:
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