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RSS JessicaLinrx

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My point is that trade is good because it can bring benefits to consumers. First, international trade allows consumers to spend less money on better products. Due to the globalization caused by trade markets, consumers can spend less if things produced in other countries are cheap. Second, international trade can satisfy consumers' different needs and preferences. Products produced in one country may not satisfy all consumers, and international trade can expand consumers' choice. Third, international trade affects consumers' culture and values. International trade can promote cultural exchange and development between countries. Generally, foreign trade commodities can represent the cultural attitude of the country, and domestic consumers can experience the values of different countries. Fourth, international trade affects the prices of consumer goods produced and sold in the domestic market, which leads to changes in personal wages. If the market is able to communicate these price changes, then more households will be able to enjoy the benefits of falling prices.

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