How does trade strengthen the economy of country?1+2+2=5 – InterviewSolution

1.	How does trade strengthen the economy of country?1+2+2=5
Answer» Because successful trade provides a source of foreign currency to help a nation’s balance of payments (trade SURPLUS COUNTRIES build up US$ reserves). Increased EMPLOYMENT in export industries and related industries which can lead to rising per capita INCOMES and also stronger Human Development Index scores. Falling prices for consumers helps to increase real incomes e.g. by opening up markets to NEW competition.Explanation:

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