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International trade allows countries to specialize in what they can produce most efficiently. It enables countries to obtain goods they cannot produce themselves or cannot produce cost-effectively. While international trade provides benefits like access to a variety of goods and increased economic efficiency, it also poses risks like economic dependence on other countries and instability from fluctuating commodity prices. Countries employ restrictions on trade like tariffs and quotas to protect domestic ind
- Author
- jerome jerome
- Language
- EN