Question

State and explain five importance of trade to a nation ​

Answer 1

Five Importance Of Trade To A Nation:

Step-by-step explanation:

1. It's important to ending global poverty because countries that grow faster, usually end up providing higher income and more opportunities to people that are less fortunate.

2. It benefits lower income households because it means there will be more affordable goods and services.

3. It means there are more job opportunities to people that are unemployed or cant get a job at the moment.

4. Also, its important because then there will be more goods at cheaper cost, meaning it wont be as expensive and easier for some people to afford it.

5. It's important because then there will be different resources for different technology advancements and more opportunities to expand our knowledge on the pros of having technology at hand.

Answer 2

Trade is central to ending global poverty. Countries that are open to international trade tend to grow faster, innovate, improve productivity and provide higher income and more opportunities to their people. Open trade also benefits lower-income households by offering consumers more affordable goods and services.