Essay

Advantages & Disadvantages of International Trade

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This gives consumers a wider array of choices which will not only improve their quality of life but as a whole it will help the country grow. • Efficient allocation and better utilization of resources since countries tend to produce goods in which they have a comparative advantage. When countries produce through comparative advantage, wasteful duplication of resources is prevented...
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When countries produce through comparative advantage, wasteful duplication of resources is prevented. It helps save the environment from harmful gases being leaked into the atmosphere and also provides countries with a better marketing power. • Promotes efficiency in production as countries will try to adopt better methods of production to keep costs down in order to remain competitive...
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