Effects of trade

Economics and effects of trade and how we use it in everyday life to benefit our everyday. I will give you some examples of why effects of trade are so important and how it benefits us. Trade is an important part of life. It’s integral to how we run our everyday lives. It’s important to understand trade and how it works, not only because it’s a big part of everyday life, but because it’s an important part of our economy. Even though we don’t realise it, we are all affected by trade every day. I will give some examples of how I use it in my everyday life. 1 I'm sure all of us can relate to on Halloween night jumping out our bags of candy to trade with our siblings and Friends. I remember always wanting a good deal and not wanting to be at the end of the short stick. 2 I have spent many years trading with my brother and sisters whether it be with another object or money. I remember not that long ago me and my brother were talking about me buying his TV from him. The money he wanted was kind of not what I had envisioned me buying an old TV with so we decided to make a deal if I were to buy the TV from him for $15 and trade him a piece of room decor. Now let's take a moment to look at trade from the US governments point of view. The US is the largest economy in the world. It’s a trade powerhouse. The US has trade agreements with other countries that help create jobs. But what happens when the US doesn’t have a trade agreement with a country? That’s when the US will pull out of the trade agreement. The US will stop doing business with that country. The US will no longer buy or sell anything. In conclusion, trade is a big part of our everyday lives. It’s an important part of our economy and it’s something we should all be aware of.