International trade has many great benefits for both people who buy things and those who make them.
More Choices: Shoppers get to enjoy a bigger selection of products. For example, you can find tasty fruits like bananas or unique spices that you might not find in your local store.
Cheaper Prices: When companies from other countries compete, prices can drop. For instance, electronics might cost less because they’re made in places where it's cheaper to manufacture them.
Access to New Customers: Businesses can sell their products to people in other countries, which helps them reach more customers. A local artist, for example, might sell their handmade items to tourists from around the world.
Lower Costs: When a company sells more products, they can make each item for less money. If a factory produces many items, it can reduce the cost of making each one.
In short, international trade helps the economy grow and brings good things to both shoppers and producers!
International trade has many great benefits for both people who buy things and those who make them.
More Choices: Shoppers get to enjoy a bigger selection of products. For example, you can find tasty fruits like bananas or unique spices that you might not find in your local store.
Cheaper Prices: When companies from other countries compete, prices can drop. For instance, electronics might cost less because they’re made in places where it's cheaper to manufacture them.
Access to New Customers: Businesses can sell their products to people in other countries, which helps them reach more customers. A local artist, for example, might sell their handmade items to tourists from around the world.
Lower Costs: When a company sells more products, they can make each item for less money. If a factory produces many items, it can reduce the cost of making each one.
In short, international trade helps the economy grow and brings good things to both shoppers and producers!