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pochemuha
2 years ago
11

What are some examples of how trade positive for the world?

History
1 answer:
Advocard [28]2 years ago
8 0
Trade increases competition and lowers world prices, which provides benefits to consumers by raising the purchasing power of their own income, and leads a rise in consumer surplus. Trade also breaks down domestic monopolies, which face competition from more efficient foreign firms.
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