What is International trade?

International trade

International trade is the import and export of products with other countries

 

Opportunities for businesses because of international trade

The businessmen can sell their products to a larger number of people

Imported raw materials available

Provide greater variety thus increasing sales

 

Problems for businesses because of international trade

Duplication of products as the same product may be produced by many countries

The domestic market may suffer due to the entry of multi-national companies