Respuesta :
International trade, or the importing and exporting of goods, is a major cause of the world's interdependence. Today, countries cannot, survive for very long without the imports and exports of one another.
What do you mean by International trade?
The buying and selling of goods and services between businesses in several nations is referred to as international trade.
On the global market, commodities such as consumer products, raw materials, food, and machinery are all purchased and sold.
On the global market, you may buy almost anything, including food, clothing, accessories, spare parts, oil, jewelry, wine, stocks, currencies, and water.
In industries including tourism, banking, consulting, and transportation, services are also traded.
International trade is essential for raising living standards, generating employment, and giving consumers access to a greater range of goods.
The five main factors that influence international trade are: the existence of government regulations, variances in technology, variations in resource endowments, variations in demand, and the availability of economies of scale.
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