Problem 23

Introduction

Countries can use international trade to expand their markets and gain access to commodities and services that would otherwise be unavailable in their home country. The market has become more aggressive as a result of global trade. As a result, pricing becomes more comparable, and consumers receive a lower-cost product. The growth of the world economy was aided by international trade. In the global economy, market dynamics, and thus price, have an impact and are influenced by world politics.