Why is trade necessary? Explain with example

Answer 1

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

Answer 2

Taking ànswer of this question

Answer 3

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.

Answer 4

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Answer 5

Thanks

Answer 6

Thanks

Answer 7

Thanks for your answer
🙂🙂

Answer 8

not helpful give some example

Answer 9

whats the answer i need help

Answer 10

thank u help alaways to me

Answer 11

Where is example in this example 😔😔😔

Answer 12

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!!!😭😭😭

Answer 13

i think its d

Answer 14

or b

Answer 15

Plzz give trade necessary examples also

Answer 16

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

Answer 17

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