Benefits of trading:
• In the United States, your products and services may have to compete in a crowded market, but in other nations, you may discover that there is less competition.
• Certain products' sales may decline in the United States as people cease buying them or upgrade to newer versions.
• Another benefit of foreign trading is that you might be able to take advantage of export finance.
Benefits of both trading and buying domestically:
• They both involve exchange of goods and services.
• Both of them arise as a result of the inequitable distribution of natural resources and production costs.
• they are both called trade.
Benefits of only buying domestic products:
• By buying and eating local, consumers are able to enjoy produce that is fresh and nutritious.
• Reduced food miles is one of the most important ways that buying locally helps the environment.
•Finally, buying locally has the added environmental benefit of supporting the local workforce.
