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: All these businesses create employments that in turn keeps the peoples' needs growing, and become useful diplomacy tools for countries to establish and maintain
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Trade is important because all countries have limited resources to respond to their people's needs. So countries trade with one another to complete each other's needs. It became more important to the world today because the needs have since not just evolved, but also increased. People desire more. As trading in the traditional sense such as barter was phased out, trading by way of doing business and transacting with real money kicked in. All these businesses create employments that in turn keeps the peoples' needs growing, and become useful diplomacy tools for countries to establish and maintain ties with one another. Arun Chaudhary
, Student of Economics (hons) at Banaras Hindu University (2018-present)
Answered 1 year ago
Distribution of natural resources,man power,production cost and productivity are differ from one country to other country because of geographical distribution and lack of resources is one country is asset for other country so the internationam trade opened large market for producer to sale out his goods and services to maximise thier profit and the consumers are benifited with availablity of many alternate/subtitute of same product at low price that’why trade so important to the world. 2.3K views
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