International Trade

International Trade is the exchange of goods and services between countries. It involves buying and selling products and services across international borders. This trade can be between businesses, governments, or individuals.

Key benefits of international trade:

• Access to a wider variety of goods and services: Countries can obtain products they cannot produce domestically or at a competitive cost.
• Lower prices: Increased competition from foreign producers can lower prices for consumers.
• Economic growth: International trade can stimulate economic growth by creating jobs and increasing exports.
• Cultural exchange: Trade can promote cultural exchange and understanding between different nations.