Who benefits from voluntary trade?

Question

Quizplus · Accepted Answer

Buyers and sellers both benefit from voluntary trade because they are able to exchange goods or services that they value more for something they value less. Voluntary trade is based on mutual benefit, which means that both parties engage in trade because they believe it will make them better off. The government may also benefit from voluntary trade in terms of tax revenue and economic growth, but the primary beneficiaries are the buyers and sellers.

Who Benefits from Voluntary Trade