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The Importance of Trade: Fueling Demand and Economic Growth

Trade plays a vital role in our desire for goods, such as HD TVs, vehicles, and fashion. Consumers seek a variety of products to enhance their lives, while businesses pursue low-cost supplies and new market opportunities. Governments also benefit by fostering job creation, supporting economic development, and ensuring national security. Understanding the interests of consumers, businesses, and governments in trade is crucial for recognizing its impact on local and global economies. Trade not only meets demand but also drives innovation and international cooperation.

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The Importance of Trade: Fueling Demand and Economic Growth

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Presentation Transcript

  1. Why the interest in Trade?? We want to buy/get things!!! HD TVs Music Players Automobiles Computers Cell phones Fashion Cosmetics Shoes Leathers Clothing Furniture Investments Children Wives

  2. Why the interest in Trade?? Businesses want— • Low cost supplies • Low cost contract production/services • New products • New markets • Knowledge • Counter/fight competitors • Service domestic/foreign customers

  3. Why the interest in Trade?? Governments want— • Jobs • Economic development • Strong domestic businesses • Favorable international relations • Security • Stability

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