International trade is the exchange of goods and services between countries. This type of trade helps to build and shape a world economy, in which supply and demand, affect and are affected by global events. Global trade provides consumers the opportunity to be exposed to goods and services not available in their home countries. Products that are sold within an international trading market are considered exports, while those purchased from the global trade market are labeled as imports.
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International trading services offer a wide range of benefits to both the importing and exporting parties within an international trade agreement. Despite the notion that there are some disadvantages associated with global trade, the benefits of international trade often outweigh any negative aspects.
For example, if a country exports its products throughout the world, that means that their products are in demand. If their products have high demand that means they will need a larger workforce to produce more products to supply that demand. This basic economical principle of supply and demand builds the workforce infrastructure of a country, which is what is ultimately necessary within a world that is built on global trade. Some of the other benefits associated with international trade include the following:
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