Trade Benefits

Trade

What are the benefits of trade?

What is trade?

• It is exchanging goods and services that a person or country has for goods and services that they need

Examples of Trade

• On the local level when you go to the grocery store you trade your money for the food you buy. You need and value the food and they need and value the money.

• On a national level if a country has a lot of oil and no computers it will trade the oil to a country that has no oil, but instead has too many computers. Both countries benefit.

What are imports and exports?

• Imports are goods and resources brought into a country.

• Exports are goods and services sold or traded from a country.

Multiple Choice

What are goods or services brought into a country called?

• Imports

• Exports

Benefits of Trade

• Trade benefits all parties involved

• People can get goods and services they otherwise would not have

• Because of trade, goods and services will be cheaper to buy

• You will also have more choices to buy from because of trade

• It can make people and countries wealthy

Multiple Select

What are the benefits of trade? Check all that apply.

• Countries get goods they need

• Countries can grow wealthy

• More choices to buy from at the store

• Goods will be cheaper

• Trade will help you learn the new tiktok dance