Get premium membership and access questions with answers, video lessons as well as revision papers.

What is the importance of trade to a country?

      

Outline the importance of trade to a country.

  

Answers


Maurice
(i) Ensures steady supply of goods and services.

(ii) Source of income to the country.

(iii) Promotes social relations and understanding between countries involved.

(iv) Encourages a country to specialize.

(v) Creates employment.

(vi) Helps a country to dispose of its surplus produce.

(vii) Enables a country to obtain a variety of goods and services.

(viii) Helps a country to acquire what it cannot produce.
maurice.mutuku answered the question on August 15, 2017 at 11:33


Next: What are the functions of a proforma invoice?
Previous: What are the advantages of sending parcels using courier firms?

View More Business Studies Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions