General idea of International trade!

in STEMGeeks3 years ago

International trade is important in most countries of the world. But the imprtance of international trade is not the same for all countries. No country in the world is self-sufficient. The different products needs in a country and it comes from the different countries. Again different products from one country goes to different countries of the world. The trade of goods and services between two sovereign countries is called international trade. All the products that the country can produce at relatively low cost specializes in production and the surplus of these products supply to other countries. A country that sells goods and services to other countries It is called export.

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