world trade

World trade refers to the exchange of goods and services between countries, allowing nations to access products they may not produce themselves. It facilitates economic growth by enabling countries to specialize in what they do best and to benefit from others’ resources and innovations. Trade occurs through imports (goods brought into a country) and exports (goods sent out). Factors like tariffs, trade agreements, and global supply chains influence trade dynamics. Overall, world trade promotes interdependence among nations, enhances economic relationships, and contributes to global prosperity.