Why is trade necessary? Explain with example

Writeacher Writeacher answered

Read lots and lots, and let us know what you decide to write. DO NOT COPY and PASTE! That's plagiarizing!!

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Pratik Pratik answered

Taking Γ nswer of this question

Urmila Urmila answered

At first,we should know the definition of trade? The exchange or transaction or buying and selling of goods between people to people or community to community is known as trade. It is necessary for satisfaction of human wants. It increases competition and lowers world prices which provides benefits to consumers by raising the purchasing power of their own income. It leads a rise in consumer surplus. It also breaks down domestic monopolies which face competition from more efficient foreign firms. A country cannot produce everything. Sometimes countries need a help of other. And during the export and import of good it creates a good relationship with other foreign countries. So it is very importa.

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Anonymous Anonymous answered

Thanks

pragati pragati answered

Thanks

Purnima Purnima answered

Thanks for your answer

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Sonu Pandey Sonu Pandey answered

not helpful give some example

whats the answer i need help

drishti drishti answered

thank u help alaways to me

Sanchit Sanchit answered

Where is example in this example πŸ˜”πŸ˜”πŸ˜”

Why is trade necessary?

A.
Producers create too much demand for goods.

B.
Resources are not distributed evenly.

C.
Consumers do not supply enough goods.

D.
Resources are abundant everywhere.

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someone someone answered

i think its d

someone someone answered

or b

Neha Neha answered

Plzz give trade necessary examples also

Jenisha Jenisha answered

I like this answer .thankyou for helping in my homework❀🌸❣

userAdmin userAdmin answered

It increases competition and lowers world prices which provides benefits to consumers by raising the purchasing power of their income