CBSE Class 10 Answered
why is trade so important?
Asked by preranamorajkar291 | 02 Oct, 2021, 10:36: AM
Expert Answer
Trade is a backbone of any economy. People carried out trade to buy and sell variety of goods. It helps in exachanging of goods and services. Trade has been a part of economic development for centuries. Trade helps in creating job opportunities, reducing prices, increasing the variety of goods for consumers, and helping countries acquire new technologies.
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