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What is the primary reason for international trade?
  • a)
    To increase domestic production of goods
  • b)
    To promote self-sufficiency in all countries
  • c)
    To obtain commodities that a country cannot produce or can purchase at a lower price
  • d)
    To reduce the need for transportation of goods
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the primary reason for international trade?a)To increase domes...
International trade exists because no country can produce all goods efficiently. Some commodities are available only in certain regions due to geographical and climatic conditions, while others can be purchased more cheaply from other nations. This principle of comparative advantage drives international trade.
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