Why is trade necessary? Explain with example

User Icon for Writeacher Writeacher answered
5 years ago

Read lots and lots, and let us know what you decide to write. DO NOT COPY and PASTE! That's plagiarizing!!

https://www.google.com/search?q=why+is+trade+necessary&oq=why+is+trade+necessary&aqs=chrome..69i57j69i60l2.6368j0j7&sourceid=chrome&ie=UTF-8

User Icon for Pratik Pratik answered
4 years ago

Taking Γ nswer of this question

User Icon for Urmila Urmila answered
3 years ago

At first,we should know the definition of trade? The exchange or transaction or buying and selling of goods between people to people or community to community is known as trade. It is necessary for satisfaction of human wants. It increases competition and lowers world prices which provides benefits to consumers by raising the purchasing power of their own income. It leads a rise in consumer surplus. It also breaks down domestic monopolies which face competition from more efficient foreign firms. A country cannot produce everything. Sometimes countries need a help of other. And during the export and import of good it creates a good relationship with other foreign countries. So it is very importa.

User Icon for Saroj Bhusal Saroj Bhusal answered
3 years ago

Thank you very much for helping me in my homework.β™₯️β™₯️😘😘

User Icon for Anonymous Anonymous answered
3 years ago

Thanks

User Icon for pragati pragati answered
3 years ago

Thanks

User Icon for Purnima Purnima answered
3 years ago

Thanks for your answer

πŸ™‚πŸ™‚

User Icon for Sonu Pandey Sonu Pandey answered
3 years ago

not helpful give some example

User Icon for queen bee πŸ’› queen bee πŸ’› answered
3 years ago

whats the answer i need help

User Icon for drishti drishti answered
3 years ago

thank u help alaways to me

User Icon for Sanchit Sanchit answered
3 years ago

Where is example in this example πŸ˜”πŸ˜”πŸ˜”

User Icon for A person who needs help!!! A person who needs help!!! answered
3 years ago

Why is trade necessary?

A.
Producers create too much demand for goods.

B.
Resources are not distributed evenly.

C.
Consumers do not supply enough goods.

D.
Resources are abundant everywhere.

I need help!!!😭😭😭

User Icon for someone someone answered
3 years ago

i think its d

User Icon for someone someone answered
3 years ago

or b

User Icon for Neha Neha answered
2 years ago

Plzz give trade necessary examples also

User Icon for Jenisha Jenisha answered
2 years ago

I like this answer .thankyou for helping in my homework❀🌸❣

User Icon for userAdmin userAdmin answered
2 years ago

It increases competition and lowers world prices which provides benefits to consumers by raising the purchasing power of their income