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Explain the importance of trade.

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Explain the importance of trade.

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by (98.9k points)
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The importance of trade are:

  • Trade is an important economic activity.
  • The economic life of people is dependent on each other.
  • No region or country is self-sufficient.
  • Trade between two regions is necessary to fulfill the needs of the people.
  • As each region has different geographical conditions, each region produces specific commodities.

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