Answer :

Answer:

Explanation:

Trade is closely related to the uneven distribution of resources because it allows countries to access resources they lack and exchange their surplus resources for goods they need. This is vital for countries with resource deficiencies because it enables them to acquire necessary materials, goods, and services that they may not have domestically. For instance, a country lacking in oil but rich in agricultural resources can trade its agricultural products for oil.

Conversely, countries abundant in certain resources benefit from trade by exploiting their comparative advantage. They can specialize in producing and exporting goods that they have in abundance, thereby generating income and fostering economic growth. Moreover, trade allows these countries to diversify their economies and reduce dependence on a single resource, mitigating the risks associated with price fluctuations or depletion of that resource.

Overall, trade facilitates the efficient allocation of resources on a global scale, allowing countries to maximize their production capabilities and improve their standards of living.

Other Questions