International trade allows this to happen by giving different nations access to the goods & services they cannot provide/produce themselves.
International trade also encourages specialization to take place in the market, this is where one country can produce one commodity better than another’s and therefore specializes in producing that commodity... displayed 300 characters
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This allows the product to be produced to a higher standard at a lower cost per unit thus allowing everyone to benefit from economies of scale.
International trade also allows consumers access to a greater variety and number of products at lower prices.
Free Trade
Free trade is a 17th century idea that all nations should be able to trade with one another without having any barriers to the market... displayed 300 characters
