Title: Why Is Trade Important? - Blurtit
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Why Is Trade Important?
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Content: Trading also adds to the economy as it provides millions of jobs across the globe. Trade is also important as countries may import goods more cheaply than they can produce on their own. A particularly important part of trade is the idea of fair trade. Fair trade enables that all those involved in the trading network have fair wages and good working conditions. This is particularly important for those in less developed countries that work in unsafe conditions on low wages but the goods they produce are then sold for a high price in the country that gains them. Anonymous answered
Trade is important because a country may need resources it can't provide for itself, or it's cheaper to import than to produce locally. And trading it's resources to other nations that can't produce them means that it's one big cycle where everyone trades until they all have what they need while making money by selling what they don't need. They do it for the development of the country so that people can get food, clothes, necessities people need that their own country does not have access to, and to do business with other countries through trade. Trade imports ideas, crafts, technologies and philosophies as well. Empires that succeed, takes over the best qualities from the neighboring empires.