Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Connect with a community of experts ready to help you find solutions to your questions quickly and accurately. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.
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 time. Please revisit us for more reliable answers to any questions you may have. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.
