Impact of trade on a country's economic growth.

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Trade can have a positive impact on a country's economic growth. When a country exports goods and services, it is able to earn income from other countries, which can be used to buy imported goods and services or to invest in domestic production. This can lead to an increase in the overall level of economic activity and a higher rate of economic growth. Also when various trading activities exist in a particular country, it helps the citizen as well as individuals existing in such country to satisfy their needs and wants more comfortably and more satisfactorily, do you to the varieties of business existence.

On the other hand, trade can also have a negative impact on economic growth. For example, if a country imports a large number of goods, it may lead to a decrease in domestic production and employment, which can slow down economic growth. Additionally, if a country's exports are concentrated in a few sectors, it may be vulnerable to economic shocks in those sectors, which can also negatively impact economic growth. Overall, the impact of trade on a country's economic growth will depend on a variety of factors, including the country's trade policies, the structure of its economy, and the global economic environment.

 

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It is absolutely very beneficial for a business sector to not only exist but also flourish in the country. When business exist in a particular country it helps the citizens as well as individuals residing and existing in such country to satisfy their needs and wants. The existence of businesses is also one of the best criteria for majority of individuals to fight unemployment in most developing economies. For example in a country like Nigeria entrepreneurship in the form of establishing business is definitely one of the major criteria majority of people are fending and keeping themselves busy despite the high rate of unemployment and joblessness in Nigeria.

Apart from all the sectors that assist in the growth and development of a particular business organisation the business sector is the most important. Majority of businesses have grown and developed in a whole manner of ways as a result of equipping their business sector with good incentives such as skilled personnel and qualified individuals.