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They both get what they want/need .

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14y ago

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When people tradehow do both sides benefit?

In trade, both sides benefit through the principle of comparative advantage, where each party specializes in producing goods or services they can create more efficiently. By exchanging their products, both parties can obtain items they value more than what they traded away, resulting in increased overall satisfaction. This mutually beneficial exchange allows for a greater variety of goods and services in the market, promoting efficiency and economic growth.


Who benefit from free trade?

both buyers and sellers.


What is the common benefit of writing and the wheel?

Both made trade easier.


What is a common benefit of writing and the wheel?

Both made trade easier.


What were the causalities for both sides of Vicksburg?

500 people on both sides


What term means exchanging resources with other countries for the benefit of both countries?

Trade


What term means exchanging resources with other countries for the benefit of both country?

the answer is trade


What term means exchanging resources with other countries for benefit of both countries?

trade


Difference between exchange and transaction?

An exchange is when both sides agree on a swap sort of thing, both sides benefit from the switch. A transaction is goods going from one person to the other.


What did almost every state during the civil war do?

Sent people to fight on both sides.


Almost every state during the Civil War?

sent people to fight on both sides


What culture has both African and European heritage?

Trade between Europeans and Indians, however, was not of equal benefit to both cultures.