What happens to our peace and prosperity when we limit trade?

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02-09-2022
Business

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What happens to our peace and prosperity when we limit trade?

Sagot :

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Parrainidn Parrainidn · Answer 1 · 2022-09-07T06:15:53-04:00

When we limit trade, our peace and prosperity will suffer and decrease.

What happens when trade is limited?

Trade is very important for the growth, peace, and prosperity of an economy. This is because imports give a nation more options for goods and services.

Exports then given a nation more income and better foreign exchange. This is why peace and prosperity increases when we engage in trade. Limiting trade would therefore have a negative effect on peace and prosperity.

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Sagot :

What happens when trade is limited?

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