Trade is the lifeblood of a modern economy.

Question

Quizplus · Accepted Answer

Trade plays a crucial role in the development and growth of a modern economy by encouraging specialization, increasing competition, and expanding markets. It allows countries to access goods and services that they may not have the resources or ability to produce domestically, while also creating opportunities for employment and investment. Therefore, it can be said that trade is indeed the lifeblood of a modern economy.

Trade Is the Lifeblood of a Modern Economy