Name Two demand reasons for international trade?

1. Access to a wider variety of goods and services: International trade allows countries to access goods and services that may not be available domestically. This can lead to increased consumer choice and satisfaction.

2. Economies of scale: International trade can allow countries to specialize in producing goods and services in which they have a comparative advantage, leading to increased efficiency and lower production costs. This can result in lower prices for consumers and increased competitiveness for businesses.

1. Differences in production costs: Countries specialize in producing goods and services that they can produce most efficiently, based on factors such as labor costs, raw materials, and technology. This specialization leads to lower production costs, which can be passed on to consumers in the form of lower prices.
2. Differences in consumer preferences: Consumers in different countries have different preferences for goods and services, based on factors such as culture, lifestyle, and income. International trade allows countries to import goods and services that they cannot or do not produce domestically, meeting the diverse demands of consumers worldwide.