Problem 25

Introduction

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