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Jaidyn Barr
Social Studies
23 November, 17:31
What are considered benefits of free trade?
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Dax Tanner
23 November, 17:36
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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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Kaleb Bridges
23 November, 17:50
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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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