Question

Why is trade necessary? explain with example​.

Answer 1

Answer:

I think it's necessary because people acquire the needs that they you don't have like for example your friend has a banana and you have a mango your friend wants that mango and you want that banana so you will trade each of your goods to each other and you will acquirewhat you wanted

Answer 2

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.