Question

Why is international trade important for economies around the world

Answer 1

Answer: International trade between different countries is an important factor in raising living standards, providing employment and enabling consumers to enjoy a greater variety of goods.

Explanation: International trade opens new markets and exposes countries to goods and services unavailable in their domestic economies.

Answer 2

Answer:

It is because international trade opens new markets to the people of the whole globe and allows the flow of wealth goods resources between different parts of the world. International trade helps people to improve their living standards and to know how people around the world live and how they use different resources