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What is inter reginal trade?

Updated: 4/26/2024
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βˆ™ 15y ago

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Interregional trade refers to the economic exchange of goods and services between different regions or countries. It helps promote economic growth by allowing regions to specialize in products they have a comparative advantage in and gain access to resources not available domestically. Interregional trade can strengthen economic ties between nations and improve overall welfare by increasing market efficiency.

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