Describe any three advantages of international trade?

1.	Describe any three advantages of international trade?
Answer» Advantages of international trade: 1. Optimum use of natural resources: International trade operates on a simple principle that a country can produce more efficiently and trade the surplus production. 2. Economic development: International trade helps the developing countries in achieving rapid economic development by importing machinery, technology and talent. 3. Generation of employment: International business generates employment opportunities by assisting the expansion and growth of agricultural and industrial activities.

Answer»

Advantages of international trade:

1. Optimum use of natural resources: International trade operates on a simple principle that a country can produce more efficiently and trade the surplus production.

2. Economic development: International trade helps the developing countries in achieving rapid economic development by importing machinery, technology and talent.

3. Generation of employment: International business generates employment opportunities by assisting the expansion and growth of agricultural and industrial activities.

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