Question

What are the benefits of global trade??

Answer 1

1. Greater variety of goods available for consumption

2. More employment

3. Promotes efficiency in production

Answer 2

Answer:

International trade, foreign trade or world trade is defined as the movement of goods and services through different countries and their markets. It is made using foreign exchange and is subject to additional regulations established by the participants in the exchange and the governments of their countries of origin. When carrying out international commercial operations, the countries involved benefit from each other by better positioning their products and entering foreign markets.

The benefits are:

• Increase competitiveness: Through the import or export of products you will also increase competitiveness within your national market. Thus, the mere acquisition of products imported from other parts of the world at prices that may be similar or even lower than those of their national market, will increase the existing competition.

• Generator of employment: The sale of products or services through foreign companies allows the creation of employment in the place of development of commercial activity, decreasing unemployment rates in the region and improving the living conditions of residents.

• Investors for your business: If you decide to carry out international trade operations, you will be attracting other people interested in investing in your company, while considerably reducing the costs of your operations. Using international marketing you can add value to your brand, reduce your operating costs considerably and attract foreign investors.

• Greater benefits and increased sales: Once you get to export your products to other places you can get a substantial improvement in the sales of your products or services. This type of commercial operations in international markets will help you obtain greater benefits, and increase the volume of sales of your products over time.