Final answer:
Companies that facilitate international trade by purchasing goods from one country and selling them in another are referred to as d. middlemen. They help small economies benefit from economies of scale and access to diverse goods through trade.
Step-by-step explanation:
Companies that promote international trade by buying goods in one country and selling them to buyers in another country are called middlemen. These businesses play a crucial role in facilitating the movement of products around the world, contributing to the global marketplace. International trade enables even small economies to leverage economies of scale as they can specialize in the production of certain goods where they have a comparative advantage, and subsequently trade for a variety of products. This specialization and trade lead to benefits from competition and a broader selection of goods for consumers.
Furthermore, much of the trade conducted world-wide is intra-industry trade, where similar products are both imported and exported, thus enhancing the variety available in each market. The global marketplace is exemplified by everyday items such as food, clothing, and technology coming from diverse corners of the world, creating a tapestry of economic interdependence that underscores the importance of international trade to individuals and economies alike.
- Companies involved in buying and selling internationally are known as middlemen.
- International trade fosters economies of scale and variety for small economies.
- Products such as clothing, electronics, and food illustrate the global nature of trade.