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How does trade strengthen the economy of country?1+2+2=5 |
Answer» <html><body><p>Because successful trade provides a source of foreign currency to help a nation’s balance of payments (trade <a href="https://interviewquestions.tuteehub.com/tag/surplus-656730" style="font-weight:bold;" target="_blank" title="Click to know more about SURPLUS">SURPLUS</a> <a href="https://interviewquestions.tuteehub.com/tag/countries-936897" style="font-weight:bold;" target="_blank" title="Click to know more about COUNTRIES">COUNTRIES</a> build up US$ reserves). Increased <a href="https://interviewquestions.tuteehub.com/tag/employment-25669" style="font-weight:bold;" target="_blank" title="Click to know more about EMPLOYMENT">EMPLOYMENT</a> in export industries and related industries which can lead to rising per capita <a href="https://interviewquestions.tuteehub.com/tag/incomes-1040086" style="font-weight:bold;" target="_blank" title="Click to know more about INCOMES">INCOMES</a> and also stronger Human Development Index scores. Falling prices for consumers helps to increase real incomes e.g. by opening up markets to <a href="https://interviewquestions.tuteehub.com/tag/new-1114486" style="font-weight:bold;" target="_blank" title="Click to know more about NEW">NEW</a> competition.Explanation:</p></body></html> | |