State five ways in which trade is of significance to Kenya.

      

State five ways in which trade is of significance to Kenya.

  

Answers


gideon
- Trade generates revenue through taxation of goods /services.
- Creates employment opportunities through industries established / creates self employment.
- Export of goods enables a country to earn foreign exchange.
- The demand for goods stimulates industrial growth / agricultural growth.
- The need to reach far off markets leads to expansion of transport facilities.
- Trade leads to development of urban centres / urbanization.
- Trade stimulates specialization in the production of goods.
- Enhances cooperation between Kenya and other countries / between communities in Kenya.
- Trade between Kenya and other countries ensure availability of a wide variety of goods.
- Stimulates exploitation of existing natural resources because there is market for the goods.
gideon1 answered the question on October 4, 2017 at 12:03


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