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16 Dec 2021

Introduction

International trade allows countries to expand their markets and get access to goods and services that might otherwise be unavailable in their home country. As a result of global trade, the market has gotten more aggressive. As a result, pricing becomes more similar, and the consumer gets a cheaper product. International trade fostered the development of the world economy. Market dynamics, and hence price, impact and are influenced by world politics in the global economy.

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