Explain five benefits that may accrue to a community that is involved in trading activities

      

Explain five benefits that may accrue to a community that is involved in trading activities

  

Answers


Davis
i. There will be an opportunity to utilize available resources that would
otherwise have stayed idle/the community will be able to utilize idle
resources.
ii. There will creation of employment for those engaged in trading
activities/ various/different trading action
iii. Trade will also lead to expanded / wide markets for goods / services
(produced)
iv. Variety of goods/services (for exchange will be available giving people
a choice/to satisfy different consumer needs.
v. Growing/increased income/earning of income to purchase/continue
more goods/services
vi. New business/more business opportunities (will be started as people’s
needs continue to increase/more business opportunities to provide
support services/other services.
Githiari answered the question on September 22, 2017 at 21:12


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