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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

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