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Mazyrski [523]
3 years ago
9

What are two ways we can benefit/ gain from trade??

Social Studies
1 answer:
Bond [772]3 years ago
4 0

Foreign trade plays a key role in the macroeconomic balance and in GDP growth itself, essentially driven by exports.

Trade between countries can bring many social and economic benefits, which is why rulers at all levels need to be aware and prepared to encourage productive activities to participate in foreign trade.

Benefits for consumers, is certain that they will have access to a greater diversity of goods, as they will also rely on imported products. This improves your chances of satisfying your needs and desires, including the availability of products and services that best meet your expectations for desired quality and price.

Expansion of consumer markets, enabling exporting companies to gain scale and increase productivity in their activities, generating greater efficiency and cost competitiveness.

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