what effect does trade have with consumer
When the folks who can make something cheaper are allowed to do it, then the cost of goods to the consumer is least.
i need help in ss
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Homework Help Forum: social studies (5th grade)
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Posted by summer on Thursday, September 4, 2008 at 10:47pm.
what effect does trade have with consumer
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* social studies (5th grade) - bobpursley, Friday, September 5, 2008 at 8:58am
When the folks who can make something cheaper are allowed to do it, then the cost of goods to the consumer is least.
o social studies (5th grade) - jewel, Friday, September 26, 2008 at 3:50pm
i need help in ss
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For Further Reading Homework Help Forum: social studies (5th grade)
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Posted by summer on Thursday, September 4, 2008 at 10:47pm.
what effect does trade have with consumer
Responses
* social studies (5th grade) - bobpursley, Friday, September 5, 2008 at 8:58am
When the folks who can make something cheaper are allowed to do it, then the cost of goods to the consumer is least.
o social studies (5th grade) - jewel, Friday, September 26, 2008 at 3:50pm
i need help in ss
Answer this Question
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School Subject:
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For Further Reading
ercio green
Trade can have several effects on consumers, both positive and negative. It generally leads to a wider variety of goods and services being available to consumers, which can expand their choices and potentially lower prices. However, the effects of trade on consumers can vary depending on several factors such as the nature of the traded goods, the competitiveness of the market, and government policies.
Positive effects of trade on consumers include:
1. Increased variety: Trade allows consumers to access a wider range of products from different countries, providing more choices and diversity. This can lead to new and innovative goods being available in the market.
2. Lower prices: Trade can promote competition among producers, which often leads to lower prices for consumers. When countries can import goods at a lower cost from other nations, it can reduce the price of those goods domestically.
3. Improved quality: Competition from imported goods often pushes domestic producers to improve the quality of their products. This benefits consumers by providing better and more reliable goods and services.
Negative effects of trade on consumers include:
1. Disruption of domestic industries: Trade can lead to the decline or even collapse of domestic industries if they are unable to compete with imported goods. This can result in job losses and economic hardship for those working in the affected industries.
2. Sensitive sectors: Certain industries, particularly those that are labor-intensive or face lower production costs in other countries, may be negatively affected by trade. For example, if a country imports goods from countries with lower labor costs, it may lead to job losses in those industries domestically.
3. Social and environmental impact: Trade can sometimes lead to negative social and environmental consequences. For instance, the production of goods in countries with lower environmental regulations may result in pollution and adverse effects on the environment. Additionally, trade can be associated with labor exploitation and poor working conditions in some cases.
To understand the specific effects of trade on consumers in a particular context, it is essential to consider factors such as the characteristics of the traded goods, the domestic market conditions, and the policies in place to regulate trade. Analyzing economic data, conducting surveys, and consulting expert opinions can help in understanding the impact of trade on consumers more accurately.