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Zielflug [23.3K]
2 years ago
5

Voluntary exchange happen when both parties expect to

Computers and Technology
1 answer:
marusya05 [52]2 years ago
4 0

Voluntary exchange happen when both parties expect to gain from the trade.

<h3>What is trade?</h3>

Trade can be defined as a process that typically involves the buying and selling of goods and services between a producer and the consumers at a specific period of time in a particular country.

<h3>What is an international trade?</h3>

International trade can be defined as a strategic process which typically involves the exchange (buying and selling) of goods, capital, and services (economic transactions) between two or more countries.

According to the World Trade Organization (WTO), voluntary exchange is most likely to happen when both parties expect to gain from the trade.

Read more on international trade here: brainly.com/question/24208880

#SPJ1

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