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Benefits of trading:

• In the United States, your products and services may have to compete in a crowded market, but in other nations, you may discover that there is less competition.

• Certain products' sales may decline in the United States as people cease buying them or upgrade to newer versions.

• Another benefit of foreign trading is that you might be able to take advantage of export finance.

Benefits of both trading and buying domestically:

• They both involve exchange of goods and services.

• Both of them arise as a result of the inequitable distribution of natural resources and production costs.

• they are both called trade.

Benefits of only buying domestic products:

• By buying and eating local, consumers are able to enjoy produce that is fresh and nutritious.

• Reduced food miles is one of the most important ways that buying locally helps the environment.

•Finally, buying locally has the added environmental benefit of supporting the local workforce.