Abstract :
Trade is good. As a business, the more people you can sell your product to the better. As an individual consumer, the more product choices you have, the better. Of course, the key to all this buying and selling is access and price. Also, access to a certain extent controls price. World trade allows what economists call economies of scale. As a result, the customers pay less, and the companies can earn more profits, which creates more jobs and propels incomes higher. This paper details how free trade among countries gives us both.
Keywords :
economics; international trade; production; tariffs; access; business; buying; consumers; economies of scale; free trade agreements; price; product choice; profits; purchases; sales; selling; Communications Society; Companies; Computer Society; Computer science; Costs; Economics; Government; Investments; Protection; Trade agreements;
