asked 185k views
1 vote
Why do countries trade, and what benefits do they receive from trading? Give two examples of benefits you receive from international trade.

<< Read Less

1 Answer

1 vote

Answer:

Countries trade in order to exchange goods and services with each other. This helps in the building of ties and friendship between the countries. The exchanged goods and services help in the increase of their earnings and gross domestic product which is used in running the affairs of the country. This is the more reason why the Global economic powers are known for their high level of production. This helps them in selling their goods to other countries and earning more revenue.

Benefits also received from trading with other countries include availability of different products and choices to make which enables higher quality of goods and services.

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.