How can trade benefit a family?

Question

Quizplus · Accepted Answer

Trade allows families to access a wider variety of goods and services at a lower cost, which can improve their standard of living and quality of life. This is because when countries specialize in producing certain goods or services, they can produce them more efficiently and at a lower cost, which allows consumers to purchase them for less than if they were produced domestically. As a result, families have more disposable income to spend on other goods and services they might not have been able to afford otherwise.

How Can Trade Benefit a Family