argentina and chile both produce copper and timber. if chile produces copper much more efficiently than argentina and timber slightly more efficiently than argentina, can benefit from trading copper and timber with each other.

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If Chile produces copper much more efficiently than Argentina and timber slightly more efficiently than Argentina, both countries can benefit from trading copper and timber with each other.

Trading is generally buying from one place and then sell to the other party, there is no manufacturing take place. Traders just involve in buying and selling from one to the other. Essentially, trading is the transfer of services and products among two parties. It is the fundamental idea at the center of all financial systems and operations. Any society's progress is governed by trade, that also enables wealth generation.

There are big player who have entered into the business of trading as it has big opportunities and experience financial gain. Trading is not only done between the members of one country, but it also takes place internationally.

Learn more about trading here:

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