117k views
4 votes
What is International trade also list the importance of International trade.

User Topxebec
by
5.0k points

1 Answer

5 votes

Answer:

International trade is buying and selling goods and services across international boundaries. International trade plays a very good role in economic activities and performance of countries around the world. International trade benefit countries in many ways: 1- increasing in production and consumption as a result of specialization, 2- greater choices for consumers due to the competition between traders to get the best choice for consumers. 3- lower prices 4- trade is great source for the flow of service and technology. International trade is the engine of growth.

User KedarX
by
5.6k points