Custom «International Trades» Essay Paper Sample
International trades may become practical and of a good use if a comparative advantage is being realized. To export goods into the particular industry requires any country to have a market with a good comparative advantage. The profits are always realizable at the point where there is a ready and potential market for some certain goods. The United States is ranked as the most successful and largest economy all over the world. It offers the exceptional opportunities to over three hundred million people for the upward mobility through the hard work and a first-class education. All the same, the United States participates in the international trades. Despite the healthy economic position of the United States, it still needs to trade internationally as a good practice.
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The participation in the international trades balances the relative prices among the countries taking part in trading relations. These prices are a main determinant of whether the country has the comparative advantage or not. For example, the United States will export its goods that are relatively more expensive internationally compared to the native prices. The gains from the international trade are evident in the instance where exports at high prices yield bigger profits. With the international trade, the United States is better off. The United States will, thus, produce more goods where it has the potential comparative advantage.
The economies are mainly stimulated through the international trade and relations. In the process of meeting the supplies and demands among nations, a lot of expansions are being realized within the economy. International trades have the unlimited advantages depending on how the country is taking part in implementing its objectives. The United States is not an exception, and even any other country of its caliber would still benefit from the international trading relations. Taking part in the international trade at any level and capacity accrues a lot of benefits promoting the international peace and understanding in addition to the economic aspect. Therefore, the international trade is good for the United States in this sense.