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Social Studies
Lizeth Lozano
17 November, 05:59
What are considered benefits of free trade?
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Elianna Tapia
17 November, 06:26
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Essentially, free trade enables lower prices for consumers, increased exports, benefits from economies of scale and a greater choice of goods. This explains that by specialising in goods where countries have a lower opportunity cost, there can be an increase in economic welfare for all countries.
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Oscar Arellano
17 November, 07:01
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1. Less tariffs which leads to lower prices for consumers
2. Increased competition for supplies
3. Increased raw materials
4. Increased exports
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