International trade is the exchange of goods, services and resources across international borders. It represents the economic interaction among different countries across the globe and is often considered a positive force that can lift those less-developed economies.
Benefits of International Trade
- International trade creates jobs for people who live in a country that is exporting goods or services to another country. When a company exports its products, it needs employees for things like shipping, marketing and sales, accounting, and customer service.
- International trade helps spread ideas and culture.
- It helps people to buy goods and services at a lower price.
- It allows countries to import goods from other countries which can be more affordable than buying similar products from within their own borders.
- International trade helps a country’s economy growth.
- International trade makes businesses more competitive by allowing them to find new suppliers, or by allowing them to lower their costs by using cheaper labor in other countries.
- It helps sustain diversity in our global economy by allowing us all to do business with each other.
So, these are the benefits of International Trade.
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