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What is global trade?

Asked by Anonymous Sep 02, 2026 0 views 1 answers
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Answered Sep 02, 2026

Global trade represents the complex network of cross-border exchanges of raw materials, manufactured goods, services, capital, and technology between different sovereign nations and international commercial entities. Driven by comparative advantage, global supply chains, and international trade agreements, it enables countries to import products they lack domestically while exporting surplus domestic goods, serving as a fundamental pillar of modern worldwide economic growth.

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