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  • Essay / International trade means international trade

    In my opinion, I think international trade is better called international trade. Indeed, international trade involves all the people of the world. International trade occurs through the exchange of goods and services between countries. The type of trade also raises questions of price, supply and demand, and also affects and is affected by world events that occur. Political changes occurring in Asia may result in increased labor costs. Thus, this increases the manufacturing costs for the American sneaker company based in Malaysia, which will in turn lead to an increase in the price paid to purchase the shoes at a local mall. Markets can also be extended to international trade. These are other goods and services that we may not have had access to. This is the reason why we are able to choose different types of cars from different countries. Due to international trade, the market is also subject to competition. As a result, prices become more competitive, leading to cheaper products for consumers. Opportunity With the advent of global trade, I...