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8 Benefits of International Trading

8 Benefits of International Trading.

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8 Benefits of International Trading

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  1. 8 Benefits of International Trading International trade allows countries to exchange good and services with the use of money as a medium of exchange. The benefits of international trade have been the major drivers of growth for the last half of the 20th century.Several benefits that can be identified with reference to international trade are as follows: • Greater Variety of Goods Available for Consumption • Efficient Allocation and Better Utilization of Resources • Promotes Efficiency in Production • More Employment • Consumption at Cheaper Cost • Reduces Trade Fluctuations • Utilization of Surplus Produce • Fosters Peace and Goodwill

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