Justify why do people trade
1. To obtain goods and resources: Trading allows people to exchange goods and resources that they may not have access to in their own region. This can help individuals and communities meet their needs and improve their standard of living.
2. To access a wider variety of goods: Trading allows people to access a wider variety of goods and products that may not be available locally. This can lead to greater choice and better quality products.
3. To increase wealth: Trading can be a way to increase wealth and generate income. By buying goods at a lower cost and selling them at a higher price, individuals can make a profit and improve their financial situation.
4. To promote international relations: Trade can help promote positive relationships between different countries and cultures. Engaging in trade can foster cooperation, understanding, and mutual benefit between nations.
5. To stimulate economic growth: Trade can stimulate economic growth by increasing the flow of goods and services, creating new job opportunities, and encouraging innovation and competition in the market.
Overall, people trade for various reasons, including accessing goods and resources, increasing wealth, promoting international relations, and stimulating economic growth. Trading can offer benefits to individuals, communities, and societies as a whole.