Question

Trade encourages economic interdependence and cultural diffusion. But is trade always good for people and countries? In one or two paragraphs, consider the benefits and disadvantages of trade. Be sure to include at least one benefit and one disadvantage and explain your reasoning thoroughly.​

Answer 1

The advantage and disadvantages of the given scenario are provided throughout the following section.

Step-by-step explanation:

Advantage:

• International enterprise suggests that nation may trade with other countries commodities without even any trade restrictions and perhaps certain non-tariff restrictions on trade. In essence, trade enables cheaper prices, economic advantages from cost savings as well as significantly larger availability of goods and services.

Disadvantage:

• Shipping Responsibilities as well as Customs. Worldwide delivery companies everything from FedEx, UPS as well as DHL find things simple to transport bundles anywhere around the globe.