What are the Advantages of Trade?

-Because Nations can not Produce all their Needs and Wants, as Resources are Unevenly Distributed, Trade sorts out the Exchanges between Goods and Services. This helps to sort out the economy -Trading Globally allows Consumers to enjoy a Large Variety of Goods and Services, as well as Increasing Competition leads to More Efficient Markets and Better Standards of Living. It is something amazing -Markets Abroad allows for greater Econ of Scale, as well as New Ideas and Skills can be brought to Developing Nations.