Title: Why is trade so important to the world today? - Quora
Headings: Why is trade so important to the world today?
Why is trade so important to the world today?
Anonymous

Content: It helps create new jobs, improve living standards and empowers people to manage their lives. International trade without barriers in the form of tariffs, quotas and government subsidies can benefit people in all countries, developed and developing alike. As consumers, people are given the opportunity to choose goods of a wider range, higher quality and lower cost. As sellers, people are able to sell their products in more markets. Sponsored by Business at American
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Ambikesh Mishra
, Behavioral Economics, International Trade
Answered 1 year ago · Author has 132 answers and 102.1K answer views
If you could make 10 chairs or 2 tables in a day and I can make 10 tables or 2 chairs in a day, wouldn't it make sense if we both agreed that you should only make chairs and I should only make tables. That way at the end of the day we can trade 5 chairs for 5 tables and we both would be better off.