how trade help the public get the goods and services it wants and needs.

Answer 1

Trade helps the public get the goods and services it wants and needs by providing access to a wider range of products and services from all over the world. Through trade, consumers have the opportunity to purchase goods and services that are not readily available in their own country, or that may be of higher quality or lower cost than domestic alternatives.

Trade also allows for specialization and division of labor, which can lead to increased efficiency and lower costs of production. By focusing on producing those goods and services in which they have a comparative advantage, countries can maximize their output and trade with other nations to obtain the products they are less efficient at producing.

Furthermore, trade promotes competition, which can lead to lower prices, improved product quality, and increased innovation as companies strive to differentiate themselves in the market. This benefits consumers by providing them with more choices and better products and services.

Overall, trade plays a crucial role in ensuring that the public can access the goods and services they want and need, by facilitating the exchange of products and services between countries and promoting economic growth and prosperity.