Question on: SS3 Economics - Terms of Trade

Why is maintaining favourable terms of trade important for a country's economic growth?

View related lesson
Ask EduPadi AI for a detailed answer

Maintaining favourable terms of trade is important for a country's economic growth because it leads to an increase in the country's income and standard of living, which supports development and progress.

 

Add your answer

Notice: Please post responsibly.

Please share this, thanks!

No responses