Respuesta :
Global living standards have improved as a result of increased global trade, among other things.
For millennia, trade has played a role in the growth of economies. It has the potential to be a powerful tool for eradicating global poverty by promoting economic development, generating jobs, lowering prices, expanding the range of goods available to consumers, and assisting nations in acquiring cutting-edge technology.
What are the advantages of international trade?
Nations can expand their markets and get access to goods and services that might not otherwise be available locally through trade. Global commerce has led to a rise in market competition.
As a result, prices become more competitive, which decreases the end product's cost for the consumer. International trade was significantly responsible for the growth of the global economy. Events on a global scale have an effect on supply and demand, which in turn affect prices in the global economy.
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