How does import trade contribute to a country s... - JSS1 Business studies Division Of Commerce Question
How does import trade contribute to a country's economy?
Import trade contributes to a country's economy by providing access to goods and services that may not be available domestically, promoting competition, stimulating innovation, and allowing consumers to enjoy a wider variety of products at competitive prices. Additionally, importing raw materials and intermediate goods can support domestic production and export-oriented industries.
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