Answered

Westonci.ca offers quick and accurate answers to your questions. Join our community and get the insights you need today. Connect with a community of experts ready to provide precise solutions to your questions quickly and accurately. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Trade is appreciated and promoted throughout the world but there exists certain loopholes for efficient trade system .Highlight the concerned factors ?

Sagot :

Answer:

Trade is the transaction of goods and monetary around the world.

Explanation:

Trade and commerce are necessary for the economic development and survival of this world. It is appreciated and is promoted throughout the world, but still there are some loopholes in the trading system.

Trading is generally the economic transaction that is carried all through the world for comparative advantage among the different countries. The goods and products traded are mainly capital goods, consumer goods, financial assets, and others which are traded among the countries.

It creates a dual economy in the world for the less developed countries and due to this the country which exports these goods are developing while those poor countries importing  these goods have seen a stop in its development.

Due to the foreign investment, the poor countries have not been able to benefit much from it.

The gains is limited for the exported countries due to the export of only the primary goods.

We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.