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: However, diverse economies are often very complex and have a complex supply chain, where products are made of subcomponents, often originating from several different countries. For example, Ford may produce almost all of its cars in the United States, but many times components come from other places, like Mexico, or Canada. We buy from them to make new things. We make money, they make money…
Therefore, trade is very important for national and global economic growth, as we all depend on each other. Sarah Luford
, Trade Specialist
Answered 6 months ago · Author has 118 answers and 25.2K answer views
Trading is the process of exchanging one thing for another; a business of buying and selling goods and products. Trade empowers people to buy goods and services that are not produced in their countries. In addition, revenues from the export of goods and services help determine the amount that can be spent on imports, as well as the amount of foreign credit that countries can afford. Trade can stimulate a country's development and economic growth. It helps create new jobs, improve living standards and empowers people to manage their lives.