Thursday, January 26, 2012

What is international trade?

International trade is when goods are sold by firms or
governments in one country to customers in another country.  International trade is very
important to the economies of almost every country in the world.  It is also very
controversial.


For example, many goods bought in the US are
made in China.  Many people are unhappy about this because they feel trade takes jobs
away from Americans and gives them to Chinese.


Economists,
however, believe that trade is good for all countries involved.  They say it allows
people in all countries to get more goods for lower prices than they otherwise
would.

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