Three Key Advantages of International Trade

Question 1

Three Key Advantages of International Trade:

Economic Growth

Answer 1

International trade allows countries to expand their markets, increase production, and boost their economies by accessing more consumers and business opportunities.

Question 2

Three Key Advantages of International Trade:

Access to a Variety of Goods and Services

Answer 2

Countries can import products they lack or cannot efficiently produce, giving consumers and businesses access to a wider range of goods and services.

Question 3

Three Key Advantages of International Trade:

Job Creation and Business Expansion

Answer 3

By trading internationally, businesses can grow, increase profits, and create more jobs, strengthening industries and local economies.